4 ms·

It's a tricky trade-off. The last couple of times we visited Disneyland, the crowds were so bad that it didn't feel worth it. However, I'm not sure I'm ready to

by Alex63 7y ago

It's a tricky trade-off. The last couple of times we visited Disneyland, the crowds were so bad that it didn't feel worth it. However, I'm not sure I'm ready to pay $100+ per person per day for less congestion. I think I topped out at $99.

perl4ever 7y ago
"Nobody goes there nowadays, it’s too crowded" -Yogi Berra (by the way, he died in 2015 - I was surprised it was so recent)
notafraudster 7y ago
This, in addition to the Yogi quote below, is a known problem in game theory: https://en.wikipedia.org/wiki/El_Farol_Bar_problem https://en.wikipedia.org/wiki/El_Farol_Bar_problem
- cortesoft 7y ago
  This is EXACTLY the type of problem a market economy is designed to solve - distribution of a scarce resource. You solve it by setting the price of attendance such that the correct number of people choose to go.
  - habitue 7y ago
    Well, in Disney's case, you want to maximize profits, not optimize attendance rates. So you set the price such that it maximizes total returns, and whatever attendance rate that is, is the "correct one"
    - mcphage 7y ago
      > So you set the price such that it maximizes total returns, and whatever attendance rate that is, is the "correct one" I don't think it's that simple—they're not trying to maximize total returns on a single day, but total returns overall. How many people are in the park determines the kind of experience you have, which then determines if you're likely to come back. Plus all sorts of associated halo effects—if you enjoy your time at the park, then after you leave you're more likely to purchase Disney branded merchandise, watch Disney movies, and subscribe to their upcoming Disney+ streaming service.
cortesoft 7y ago
That is what I was thinking... is this really a bad thing? Paying a little bit more and being able to go on more rides because it isn't as crowded seems like a fair trade off. "Growing attendance" is not the end goal, for either Disney or park goers. Disney wants to maximize profit, and the article never addresses this; they talk about attendance being down, but what about gate revenue? Since they were raising prices, they could have still made more money on fewer attendees. For park goers, fewer people going is going to be great. Less crowds to fight, fewer lines, easier parking, etc. I am not exactly sure why this is supposed to be seen as a negative.

by Alex63 7y ago

perl4ever 7y ago

"Nobody goes there nowadays, it’s too crowded" -Yogi Berra (by the way, he died in 2015 - I was surprised it was so recent)

notafraudster 7y ago

This, in addition to the Yogi quote below, is a known problem in game theory: https://en.wikipedia.org/wiki/El_Farol_Bar_problem https://en.wikipedia.org/wiki/El_Farol_Bar_problem

cortesoft 7y ago
This is EXACTLY the type of problem a market economy is designed to solve - distribution of a scarce resource. You solve it by setting the price of attendance such that the correct number of people choose to go.
- habitue 7y ago
  Well, in Disney's case, you want to maximize profits, not optimize attendance rates. So you set the price such that it maximizes total returns, and whatever attendance rate that is, is the "correct one"
  - mcphage 7y ago
    > So you set the price such that it maximizes total returns, and whatever attendance rate that is, is the "correct one" I don't think it's that simple—they're not trying to maximize total returns on a single day, but total returns overall. How many people are in the park determines the kind of experience you have, which then determines if you're likely to come back. Plus all sorts of associated halo effects—if you enjoy your time at the park, then after you leave you're more likely to purchase Disney branded merchandise, watch Disney movies, and subscribe to their upcoming Disney+ streaming service.

cortesoft 7y ago

That is what I was thinking... is this really a bad thing? Paying a little bit more and being able to go on more rides because it isn't as crowded seems like a fair trade off. "Growing attendance" is not the end goal, for either Disney or park goers. Disney wants to maximize profit, and the article never addresses this; they talk about attendance being down, but what about gate revenue? Since they were raising prices, they could have still made more money on fewer attendees. For park goers, fewer people going is going to be great. Less crowds to fight, fewer lines, easier parking, etc. I am not exactly sure why this is supposed to be seen as a negative.