Most people want security, a lack of drama, boosting of confidence and a feeling of being loved solely, and those are lacking in open relationships.

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"Barack Obama Is A Radical, We Should Not Be Afraid To Say That". Andrew Breitbart

I don't think I can see the value of a "relationship" if it's open - in otherwords it would be nothing more than a friendship or a convenient living arrangement

It would not work for me....

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"Open Relationships" is different from "Open marriage"...which is a contradiction in terms...

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"A rising tide has lifted all yachts." Warren Buffett

Obama is not a dark skinned, anti-war socialist who gives away free health care; you're thinking of Jesus.

Well, love has not really been a component of marriage, historically speaking.
Romantic love was not perceived as something necessary or even desirable in a marriage up until about 200 years ago or less.
In many parts of the world, polygamy was practiced; in other parts, men of power openly supported mistresses or concubines and recognized their children by these unions.

In many instances, you are correct. But lots of people have made it work.

The only discomfort I have at this point is my own lack of experience with open relationships, as well as the uncertainty of how this could affect the relationship I have with my friend.

Polyamorous relationships can be difficult to manage because there are so many different aspects to consider. It's hard enough making room for one person in life, but two- or even more. I don't really think I have the time now that I've given it more thought.

Even in modern times, many people have arranged marriages, and love comes later. Really it comes down to whatever social and legal constructs one is born into. It depends largely on culture.

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Be the change you want to see in the world.

-Mahatma Gandhi

I think that might be more accurate if you amended it to "most women".
I believe large numbers of men struggle with monogamy, especially when young. Even if they are successful, it is always a struggle for many of them.
And many young people (late teens/early 20s) of both sexes have a taste for both adventure and drama.

I think many women want what you describe above, but not until two things happen:
1. they have kids, and/or
2. they reach the age of 30 or 35, and realize that society now considers them "over the hill", sexually speaking, and expects them to either attempt to look like teenagers or else concede that they're old and washed up.... while the man in their life, who is the exact same age, is still considered young. Very young. He is not even considered to have reached his prime yet.

This is enough to throw anybody, even the most secure woman, for a loop.
Many women feel they're growing more attractive inside and out as they enter their 30s or approach their 40s... but society in general simply doesn't see it that way, and it can be upsetting.

Ouch. 30's a bit young to be considered "over-the hill."

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Be the change you want to see in the world.

-Mahatma Gandhi