Game Theory is a fascinating subject. Especially when you take it out of theoretical economics and start applying it to human collectives.
I had written about applying Game Theory to SEO, a competitive field, where the more important point was to have a strategy and keep evolving instead of having a static winning strategy.
Game Theory in Dating
Do we really need to do this?
Yes, because applying the concepts helps us to understand some of the product features (Superlike for instance).
More importantly, in a space where the one currency both the members of the dating app has, is attention. That’s the time spent with your significant other. In an ideal scenario this would be equal. This is the Nash Equilibrium state.
Nash Equilibrium in Dating
However, the more men you have in a dating app (Tinder has 60% men global, in India this is all the more skewed), the more dynamic would be the state of the Nash equilibrium. Data from Tinder has shown that men are twice as more active on such apps.
The reason behind this is simple, men are spending more currency (attention and time) to find that ideal person on Tinder. Unfortunately, because the number of men is more on the app, the amount of attention an average man would have to spend will keep going up (since the Equilibrium is unbalanced).
Nash’s equilibrium is a simple concept that helps economists predict how competing companies will set prices, how much to pay a much-in-demand employee and even how to design auctions so as to squeeze the most out of bidders. It was developed by John Nash, the Nobel Prize-winning economist and mathematician, whose life story was told…
The next time you are on such an app and if you are a woman, don’t be surprised if you are hounded by men. The equilibrium will never be reached unless you have the same amount of men and women on the app.
Take this concept and apply in real life.
In a country such as India, where sons are preferred (there I said it, and it’s not politically correct), the gender ratio in population is skewed. The Nash Equilibrium is also getting badly skewed.
You have to woo and court your significant other, not just because it’s romantic, but because it is required!