Posts Tagged ‘Grant Achatz’

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    Restaurant Economics

    Apr 10, 11 • 113 Views • Behavioral Economics, Demand, Supply, and Markets, Labor, Thinking EconomicallyNo Comments

    For a new restaurant in Chicago, Next, no one is sitting at the phone taking reservations. Instead, online, you can buy a ticket for a table seating 2 or 4 (not 3 or 5). According to Chicago Magazine, the tickets are nonrefundable, include the tip and tax,...

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    A Reason for 23 Courses

    Mar 6, 11 • 92 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...