On Decision Making in Arranged Marriages with a Stochastic Reservation Quality Level

On Decision Making in Arranged Marriages with a Stochastic Reservation Quality Level
Author: Amitrajeet A. Batabyal
Publisher:
Total Pages: 0
Release: 2002
Genre:
ISBN:


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Recently, Batabyal (1999) has shown that when the decision to get married in an arranged marriage is analyzed in an intertemporal and stochastic setting, it is possible that a marrying agent will never get married. This result arises because the marrying agent in Batabyal (1999) maximizes the probability of accepting the best possible marriage proposal. What happens when a marrying agent uses the following decision rule: Get married as long as the quality of a marriage proposal exceeds a stochastic reservation quality level? In this note, we provide an interesting answer to this question. First, we show that the probability of getting married with this decision rule is always positive. Even so, we point out that on average, an agent who uses this decision rule will end up single.


On Decision Making in Arranged Marriages with a Stochastic Reservation Quality Level
Language: en
Pages: 0
Authors: Amitrajeet A. Batabyal
Categories:
Type: BOOK - Published: 2002 - Publisher:

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Recently, Batabyal (1999) has shown that when the decision to get married in an arranged marriage is analyzed in an intertemporal and stochastic setting, it is
Stochastic Models of Decision Making in Arranged Marriages
Language: en
Pages: 128
Authors: Amitrajeet A. Batabyal
Categories: Business & Economics
Type: BOOK - Published: 2006 - Publisher:

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The central objective of this work is to demonstrate how the theory of stochastic processes and the techniques of stochastic modeling can be used to effectively
A Dynamic and Stochastic Analysis of Decision Making in Arranged Marriages
Language: en
Pages: 0
Authors: Amitrajeet A. Batabyal
Categories:
Type: BOOK - Published: 1999 - Publisher:

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Indian Economic Review
Language: en
Pages: 264
Authors:
Categories: Economics
Type: BOOK - Published: 2006 - Publisher:

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Mathematical Reviews
Language: en
Pages: 1574
Authors:
Categories: Mathematics
Type: BOOK - Published: 2004 - Publisher:

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