Comment by HPsquared
There's also something like a "market for lemons" effect where the best people (i.e. those most suitable for relationships and capable of sustaining them) tend to pair off and disappear from the market.
There's also something like a "market for lemons" effect where the best people (i.e. those most suitable for relationships and capable of sustaining them) tend to pair off and disappear from the market.
Yes, and that also applies to dating apps. It’s easier to fake being attractive on an app than in real life. So the apps will be dominated by low cost fakes.
You’re right that the comment you replied to was describing a different effect (adverse selection?)
Isn’t market for lemons about a situation where consumers can not tell the difference between good and bad quality product so they only buy the cheapest assuming it’s bad.