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Pre-marriage Agreements MBA 217 – Fall 2005
Team: RYF Page 2 Chung, Schaham, Tanaka, Yoo
1 Overview

Each year, over two million couples are married in the United States but nearly half of these
marriages will end in divorce1. Given the high rate of divorce, one might assume the use of pre-
marriage contracts (also referred to herein as prenuptial agreements) would be equally high.
However, only 5-10% of married couples typically sign pre-marriage contracts, while the rest forge
ahead into what Samuel Johnson called a “ triumph of hope over experience.�

This paper attempts to explain the paradox, understand individuals’ behaviors as they relate to
marriage, divorce and the use of pre-nuptial agreements. We have used the principles of game
theory to predict an equilibrium outcome relating to the use of prenuptial agreements and to
explain deviations from this outcome.

2 Background on Pre-marriage Agreements

A......

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Approximate Word Count: 1545
Approximate Pages: 7 (250 words per double-spaced page)

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