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The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
Coupon collector's problem. In probability theory, the coupon collector's problem refers to mathematical analysis of "collect all coupons and win" contests. It asks the following question: if each box of a given product (e.g., breakfast cereals) contains a coupon, and there are n different types of coupons, what is the probability that more ...
Le Creuset Signature Round Dutch Oven, 5.5 Quart. Cook like Ina Garten this fall and winter with the queen's favorite 5.5-quart Dutch oven, now 20% off at Sur La Table. You can score the stunner ...
Walmart deals: 50% off or more In the spirit of the intro to this piece, our appeal this week is all Carote and no stick — just make sure you have these ready for this year's holiday feasts ...
In 2018, Bitcoin's design caused a 1.4% welfare loss compared to an efficient cash system, while a cash system with 2% money growth has a minor 0.003% welfare cost. The main source for this inefficiency is the large mining cost, which is estimated to be US$360 million per year.
HP Stream 14-Inch Windows 11 Laptop. $179 $229 Save $50. Yes, it's pretty in pink, but more importantly, with 4GB of RAM, 64GB of onboard storage and a free one-year subscription to Office 365 ...
According to 2022 estimates from the American Community Survey, 16% of the population had German ancestry, 14% had Mexican ancestry, 10.4% had Irish ancestry, 7.1% had English ancestry, 6.2% had Polish ancestry, 5.2% had Italian ancestry, 3.4% listed themselves as American, 2.3% had Indian ancestry, 1.7% had Puerto Rican ancestry, 1.7% had ...
Arizona (/ ˌ ær ɪ ˈ z oʊ n ə / ⓘ ARR-iz-OH-nə; Navajo: Hoozdo Hahoodzo [hoː˥z̥to˩ ha˩hoː˩tso˩]; [10] O'odham: Alĭ ṣonak [ˈaɭi̥ ˈʂɔnak]) [11] is a state in the Southwestern region of the United States, sharing the Four Corners region of the western United States with Colorado, New Mexico, and Utah.
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