nature of decision making in such marriages. Therefore, we know very little about the efficacy of traditional methods of … decision making in arranged marriages. Given this state of affairs, I have three goals in this paper. First, I formalize the … traditional decision making process in arranged marriages. Second, I study the characteristics of this formalized decision making …

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 proposals. In this paper, I continue this line of inquiry. I examine …

demonstrate that our marrying individual uses a reservation utility to determine which marriage proposal to accept. Third, we … profit maximization implies that all matchmaking firms offer marriage proposals whose utility equals the reservation utility …We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an …

demonstrate that our marrying individual uses a reservation utility to determine which marriage proposal to accept. Third, we … profit maximization implies that all matchmaking firms offer marriage proposals whose utility equals the reservation utility …We employ a stochastic dynamic programming approach to study decision making by an individual wishing to have an …

daughters, when the marriage market exhibits competitive dowry payments and altruistic but paternalistic parents benefit from …

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 nature of decision making in arranged marriages. To this end …

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 nature of decision making in arranged marriages. To this end …

decision to accept or decline a marriage proposal. Even so, Batabyal (2003a) treats the marrying agent’s reservation utility as …The notion of a reservation quality or utility is a key feature of Batabyal’s (2003a) recent analysis of decision … making in arranged marriages. In this model, the magnitude of the reservation utility has a non-trivial impact on the …

decision to accept or decline a marriage proposal. Even so, Batabyal (2003a) treats the marrying agent's reservation utility as …The notion of a reservation quality or utility is a key feature of Batabyal's (2003a) recent analysis of decision … making in arranged marriages. In this model, the magnitude of the reservation utility has a non-trivial impact on the …

comparative analyses in the economics literature of the relative merits of one or the other kind of marriage. As such, the purpose … simple model of decision making in a dynamic and stochastic setting and show that the decision to have an arranged or a love … marriage depends on a comparison of the expected amount of time it takes the agent's well-wishers to find a spouse with the …