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Average is Better

With recent technological innovation opening doorways to new methods of social interaction, the world’s ocean is radically becoming larger and larger. And I do not use ‘ocean’ in the literal sense, but rather metaphorically, to classify the pool of potential mates for any particular individual. Access to a larger pool of candidates comes with it a greater difficulty and added pressure on finding “the one”.

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What’s in a name?

Economists analyse the oft-quoted remark on the ironic significance of names in the famous soliloquy  “What’s in a name … a rose by any other name would smell as sweet”. This is a poetic illustration of the argument that it is not the name of things that matter but rather what they actually are. Whilst it is true that a rose would emit the same volatilised chemical compounds if it were named something else this does not necessarily mean names do not matter.

Take the labour market for instance. Would equally qualified employees with different names receive the same or different treatment when applying for jobs? Furthermore, does this mean there are economic costs and benefits associated with certain names?

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