Posts Tagged ‘cliff effect’

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

    Oct 19, 13 • 416 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...