Economics Of Sex Term paper
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This mini-paper is to study how people of different moral standard choose their one-night-stand partners. At a late stage of this paper, I will state the limitations of this theory.
Assumptions:
1. Beauty and moral standard can be quantified.
2. People are utility-maximizing.
Almost all actions involve costs, needless to say having one-night stands. People of differnet backgrounds have different moral standards. For example, christians may have higher moral standards than people who left school very early do.
A person does an one-night-stand at a cost of his moral standard. For example, if the moral standard of a person offers him 5 utility, his one-night-stand partner must at least offer him more than 5 utility. Otherwise, he will not do this one-night-stand.
Generally, beauty and appearance produce utility. A beautiful partner offers higher utility than a ugly one does.
Let's see a case in which there are two people. The first one left school very...
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