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There is actually an evolutionary psychological theory surrounding this common "phenomenon".
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There have been many studies conducted exploring the reasons behind older men dating younger woman.
One of them published in the journal Evolutionary Psychology, looked at 400 romantic ads in the Swedish newspapers Göteborgs-Posten and Aftonbladet and on the websites Spraydate and Of a total of 97 men who mentioned age in their ads, only three were looking for an older partner — among men aged 40 to 59, only one out of 67.