Arranged marriage:

Most of us still believe in arranged marriage for cultural reasons. This will mean that we don’t have an opportunity to cohabit first to find out how well things would work. Sometime we would like to take a decision that is more rational than emotional. There are a lot of things that we would like in men/woman, but hardly anyone has it all. In this situation why don’t we take an opportunity to analyse this dilemmas with the tools of Adam Smith which I have tried to write on the economic secrets of everyday life.
Let’s suppose, when we vote somebody in election to choose a member who represent us. In this situation, we are the “principals” and those elected person would be the “agents” who supposedly represent us. In the same manner, when shareholders elect a board of directors to maximise shareholder value, the directors are their agents. Those directors will hire managers to do their bidding: similarly, the managers are agents again.
Let’s think for a moment: are principles ever happy with what their agents get up to? Similarly, we can understand why economists speak of sometime called the “principle-agent problem”.
In the case of arranged marriage, our parents are acting as our agents, as they scout out a limited field of possible husbands/wives. How are we to encourage them to see our point of view?