Are we addicted to love? A parsimonious economic model of love

被引:1
作者
Foster, Gigi [1 ]
Pingle, Mark [2 ,3 ]
Yang, Jingjing [2 ]
机构
[1] Univ New South Wales, Econ, Sydney, NSW, Australia
[2] Univ Nevada, Econ, Reno, NV 89557 USA
[3] Univ Newcastle, Callaghan, NSW, Australia
关键词
Love; Intertemporal choice; Effort; Well-being; Behavioral;
D O I
10.1016/j.jebo.2019.07.009
中图分类号
F [经济];
学科分类号
02 ;
摘要
It is apparent that love influences people's choices, yet little work in economics has focused on how love develops or why it matters for resource allocation decisions. Here, we present a simple dynamic model of how love develops and evolves, recognizing our parsimonious model will not capture all the nuances associated with such a complex topic. Nonetheless, our love dynamic, motivated by a few intuitive assumptions, can explain many observed facts, like why stable love relationships can develop but also why blossoming relationships can unexpectedly take a turn and ultimately dissolve. We embed our love dynamic in an intertemporal optimization problem and derive the optimal path for effort put toward a love relationship when it can also produce material consumption. The optimal path offers an explanation for why "taking the other for granted" may be rational. (C) 2019 Elsevier B.V. All rights reserved.
引用
收藏
页码:70 / 81
页数:12
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