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There’s a good deep dive on options there, but I’m just stuck on the formula they use for cab fare. $.50/minute of below 12 mph, $2.50 while over. What?? Why w
by SilasX 6y ago
There’s a good deep dive on options there, but I’m just stuck on the formula they use for cab fare. $.50/minute of below 12 mph, $2.50 while over.
What?? Why would you do it like that? That incentivized jerking up to 12 mph whenever possible.
Uber got this right early on: the rate for the time and mileage are separate.
- H8crilA 6y agoThe rate per mile can be translated into the rate per minute via the current speed. That's why the option payout formula appears.
- thescriptkiddie 6y agoYou have it the wrong way around. It's $2.50/mile, but not less than $0.50/minute. Pricing is normally by distance not time, but to protect the driver in the event that heavy traffic prevents them from covering much distance, there is floor on the charge per minute. Nothing special happens when you accelerate past 12 mph.
- SilasX 6y agoThen explain the first graph.
- defen 6y agoImagine a 1,000 mph cab (perhaps you’ve been in one) - the driver would cover thousands of miles per day and get 2.50 for each of those miles. But the amount you pay for your trip is the same as if you were in a normal taxi.
- SilasX 6y agoThe shape of the graph is different from one that has a constant slope from zero.
- marcinzm 6y ago>That incentivized jerking up to 12 mph whenever possible. No it doesn't. Driving 12mph translates to 12 * 2.50 = $30/hour. Driving under 12mph translated to 60 * 0.5 = $30/hour. It's a smooth transition.