By definition, thick markets are ones which have a concentrated number of buyers and sellers.
Often a large number of transactions occur with a variety of products.
In the past five to ten years, algorithms have been adopted by the financial sector and numerous other businesses that affect everyday lives, including dating.
The Match Group, which consists of Tinder, Ok Cupid and Match, posted $240.9 million in operating profit in 2014, representing a 6% increase from the year prior.
With its growth, the group is expected to file their IPO in 2015, with valuations estimated at $6.5 billion.
With a number of services available, 60% of Americans in 2013 agree that dating sites are an acceptable way to meet people, compared to 44% in 2005.
The underlying technology of dating apps is complex mathematical algorithms which connect users based on similar answers to a questionnaire. Tinder uses global positioning systems which display users with potential partners in the area.
Translated into dating, a thick markets represents a wider, more centrally located user base.