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I disagree with the sense that because a customer prefers a free dessert over a discount of greater nominal value, it is somehow inefficient. Why does the cust
by ericingram 14y ago
I disagree with the sense that because a customer prefers a free dessert over a discount of greater nominal value, it is somehow inefficient.
Why does the customer visit the restaurant in the first place? To maximize efficiency? And this irrational act of a dessert makes it inefficient?
People value things in different ways, it's really a complex equation and you are over simplifying it. Maybe the experience of getting a free dessert is more valuable than saving the cash. It is a service business after all.
Free markets aren't always easy to understand, but they always give people more of what they want in aggregate than any mechanism of force.
- rayiner 14y ago> People value things in different ways, it's really a complex equation and you are over simplifying it. I'm not the one oversimplifying it.