Dating up or Dating down

On this episode of IMHO, we jumped on the topic of dating up and dating down. Do we in the dating world decide on how we pick a partner based on what we value within their character? Dating up could be because of growth or what you see attainable in the situation. But dating down could come with how one may feel inferior of our mate possibly.Or are we just trying to get what we can get or get and settling for whatever we can get? Should the term just be considered irrelevant? Think about it, How do you date?