Poster Paper:
Optimal Dating Strategies: A Game Theory Approach to Evaluating Potential Partners
*Names in bold indicate Presenter
This analysis uses game theory to provide a framework for understanding the inefficiencies in modern dating. In a two-player game where both players can either cooperate (continue dating) or defect (cease dating), we analyze why a person chooses to defect when they should cooperate, or cooperate when they should defect. This is modeled as a finitely repeated game using decision trees, focusing on how a single player evaluates the probabilities and payoffs associated with given moves. We evaluate the risks associated with “Type I” and “Type II” dating errors, with Type I error defined as players continuing to date when they should stop, and Type II error defined as ending the dating process when they should continue. The analysis concludes using other economic models and behavioral economics to assess why players make irrational decisions and explores potential optimal dating strategies that ameliorate irrational human behavior and lead to socially-optimal Nash equilibria.