Joker Xue, "Ambiguous Love"

The relationship market in China is changing. This song explains why some people prefer more informal, casual relationships based on materialism and instant gratification instead of falling in love and possibly getting hurt. This might be rational in the short-term but is suboptimal in the long-term.

MicroeconomicsWayne Geerlingexplicit costs, implicit costs, risk preference, search costs, materialism, negative sum game, suboptimal decision making, China