Posts Tagged ‘cost and benefit’

  • Line standing tradeoffs

    How Much to Pay For a Line Waiter?

    Mar 30, 14 • 588 Views • No Comments

    If a lobbyist wants to go to a congressional hearing but cannot do the line, she can hire a line stander. Maybe 30 minutes before entering, the customer takes the place of the “waiter.” Saying they have “significant expertise in all of the...  [read more]

  • Baseball spring training cost and benefit

    A Spring Training Dilemma

    Mar 25, 14 • 316 Views • No Comments

    The battle was between Mesa, Arizona and Naples, Florida. It was the Cactus League vs. the Grapefruit League. Arizona’s homes for the Cactus League:   Florida’s homes for the Grapefruit League: Our story begins in 1952 when the Chicago Cubs...  [read more]

  • Unintended Consequences of Daylight Saving Time

    The Unexpected Impact of Changing Times

    Mar 9, 14 • 279 Views • No Comments

    Beyond less sleep, when we moved our clocks ahead last night, we created many unintended consequences. It all began during the 1880s when the railroads said that they should coordinate time. With railroad companies observing 52 different times and even more...  [read more]

  • Movie Attendance Price elasticity

    The Cost and Benefit of An Oscar

    Mar 4, 14 • 311 Views • No Comments

    An Oscar could be worth 4 years. Hypothesizing that higher social status can extend a life, researchers report that actors who win an Academy Award can expect to live 3.9 years longer than those who lost. Their conclusions were based on data from 72 years of...  [read more]

  • Slim-line Seats Thinking at the Margin

    How to Squeeze More Seats on a Plane

    Jan 25, 14 • 700 Views • No Comments

    An airline seat is really all about cost and pitch. Defined by SEATGURU, “Seat Pitch is the distance from any point on one seat to the exact same point on the seat in front or behind it.” On short haul flights, the pitch could be as little as 28...  [read more]