Posts Tagged ‘Alinea’

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    Dynamic Pricing: Should the Time Determine the Price of Your Meal?

    Oct 19, 13 • 422 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Entertainment, Households, Innovation, Tech, Thinking EconomicallyNo Comments

    A 12:00 lunch at the Goldman Sachs cafeteria will cost you more than a 1:30 meal. The problem was the long lines. Standing in line for even just 10 minutes a day means 50 minutes a week, 200 minutes a month…you get it. The opportunity cost is huge for...

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    A Reason for 23 Courses

    Mar 6, 11 • 95 Views • Thinking EconomicallyNo Comments

    At one Chicago restaurant, Alinea, a serving of steak would weigh 2 ounces or so. 5 or 6 bites and you are finished. But then, you would still have 22 other courses to consume. Asked why he serves so small an amount, Chef Grant Achatz said, “Diminishing...