Influence of Over-and Underconfidence on Marriage Market
This paper is an examination of the influence of an individual’s self-confidence (over- confidence or underconfidence) on others in the marriage market. We consider a model in which there are three types of men and women according to marital charm, and some men/women overestimate/underestimate their own types. The result obtained is that the self-confidence of some single individuals affects not only themselves but also the marital behavior of other rational singles in the market. Furthermore, self-confidence improves the welfare of the economy if there are enough underconfident men/women or if there are sufficiently few overconfident men/women in the marriage market.
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|Date of revision:||Feb 2008|
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- Becker, Gary S, 1974.
"A Theory of Marriage: Part II,"
Journal of Political Economy,
University of Chicago Press, vol. 82(2), pages S11-S26, Part II, .
- Botond Köszegi, 2006. "Ego Utility, Overconfidence, and Task Choice," Journal of the European Economic Association, MIT Press, vol. 4(4), pages 673-707, 06.
- Becker, Gary S, 1973. "A Theory of Marriage: Part I," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 813-46, July-Aug..
- Burdett, Kenneth & Coles, Melvyn G, 1999. "Long-Term Partnership Formation: Marriage and Employment," Economic Journal, Royal Economic Society, vol. 109(456), pages F307-34, June.
- Gary S. Becker, 1974. "A Theory of Marriage," NBER Chapters, in: Economics of the Family: Marriage, Children, and Human Capital, pages 299-351 National Bureau of Economic Research, Inc.
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