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That would be workable if humans would be perfectly rational, but they are not. If I set up a pizza shop with totally fair prices across the board, my pizza wil
by skriticos2 9y ago
That would be workable if humans would be perfectly rational, but they are not. If I set up a pizza shop with totally fair prices across the board, my pizza will cost 8 EUR and the drinks maybe 1 EUR. The pizza shop across the street will however put up a ginormous billboard advertising their 5 EUR pizza with a peace of free pizza bread (and have the 3 EUR drink prices in the small print menu). I get very few customers with my "normalized prices pizza and drinks" billboard. Most people would be just like: WTF? and go to the other shop.