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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.
The 1% Club is an American game show, with its setup identically based on the British game show of the same name.Contestants are given a very short amount of time to solve brain teaser questions, with questions getting significantly more difficult as the game continues, as statistically a progressively smaller percentage of people, according to the producers, answered each subsequent question ...
Le Creuset Signature Round Dutch Oven, 5.5 Quart. $336 $420 Save $84. 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 ...
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 ...
As of June 30, nearly half a million 401(k) accounts (497,000) had balances of $1 million or more, up 2.5% from the prior quarter. The average balance hit $1,595,200, up from $1,581,000 at the end ...
The refractive index of air is approximately 1.0003. [64] Denser media, such as water, [65] glass, [66] and diamond, [67] have refractive indexes of around 1.3, 1.5 and 2.4, respectively, for visible light. In exotic materials like Bose–Einstein condensates near absolute zero, the effective speed of light may be only a few metres per second.
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