Marriage and the Value of Waiting
Using a simple model where singles try to maximize their pizazz, we examine the value of the option to give up single life in favor of marriage when singles' pizazz levels follow correlated geometric Browninan motions.
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|Date of creation:||1999|
|Date of revision:|
|Contact details of provider:|| Postal: Edgbaston, Birmingham, B15 2TT|
Web page: http://www.economics.bham.ac.uk
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