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7.When he first moved from another state, your friend Annand used an online dating service to look for a girlfriend. Annand is of average attractiveness, plays soccer twice a week, and likes sci-fi movies. Although he continually claimed to be interested in only very attractive women's profiles, his girlfriend of one year (whom he met through the service) is of average attractiveness. Based on the matching phenomenon, how would you explain this apparent contradiction between Annand's claims and actual choice of a romantic partner?
Decision Tree
A graphical representation of decision-making processes, showing different choices and their potential outcomes, including chance event outcomes, resource costs, and utility.
Revenue Management
A strategic approach to selling a limited inventory of goods or services to maximize revenue, often used in airlines, hotels, and other sectors.
Expected Value
The weighted average of all possible values of a random variable, with the weights being the probabilities of occurrence.
Full-Fare Ticket
A type of airline or travel ticket that has no restrictions and is often refundable, representing the highest fare category.
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