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Recently, Batabyal (1998) has analyzed the nature of the decision making process in arranged marriages. Specifically, he has shown that a marrying agent's optimal policy depends only on the properties of the current marriage proposal, independent of whether there is recall of earlier marriage...
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In this paper I use the theory of Markov Decision Processes to understand aspects of arranged marriages. I construct a stylized model of arranged marriages and, inter alia, I show that a decision maker's optimal marrying rule depends only on the nature of the current marriage proposal,...
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Although arranged and love marriages have been around for a long time, to the best of our knowledge, there are no comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. As such, the purpose of this note is to conduct a theoretical inquiry...
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Even though arranged and love marriages have been around for a long time, to the best of our knowledge, there are no comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. Consequently, the purpose of this note is to conduct a theoretical...
Persistent link: https://www.econbiz.de/10014102259
This book has one central objective and that is to demonstrate how the theory of stochastic processes and the techniques of stochastic modeling can be used to effectively model arranged marriage settings, and to use these stochastic models of arranged marriages to explain various aspects of the...
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