An efficient marriage market develops ‘‘shadow'' prices to guide participants to marriages that will maximize their expected well-being. These prices, central to the analysis in this chapter and the subsequent one, are responsible for the more powerful implications found in these chapters than in traditional discussions of marriage. Some other approaches are evaluated in Chapter 4.
Gary BeckerRelated topics
central found guide market marriage shadow subsequent traditionalRelated quotes
I think every once in a while country has lost its way, but found its way back. It's always going to drift away from the traditional side, but then find a way to return. There's room for all kinds of influences be it pop, blues, gospel or whatever. But I will always say that I think we need more traditional country music coming down the pike.
Randy Travis
Chantrey [good friend of Turner] is as gay and as good as ever, ready to serve: he requests, for my benefit, that you bottle up all the yellows which may be found straying out of the right way; but what you may have told him about the old masters which you did not tell me, I can't tell, but we expected to hear a great deal from each other, but the stormy brush of Tintoretto was only to make the 'Notte' more visible.
J. M. W. Turner
Every major industry was once a growth industry. But some that are now riding a wave of growth enthusiasm are very much in the shadow of decline. Others, which are thought of as seasoned growth industries, have actually stopped growing. In every case the reason growth is threatened, slowed, or stopped is not because the market is saturated. It is because there has been a failure of management.
Theodore Levitt
When one read's Kierkegaard's profound analyses of anxiety and despair or Nietzsche's amazingly acute insights into the dynamics of resentment and the guilt and hostility which accompany repressed emotional powers, one might pinch oneself to realize that one is reading works written in the last century and not some new contemporary psychological analysis.
Rollo May
Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising "Take two aspirins?"
Warren Buffett