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The Inspection Paradox | Allen Downey | Probably Overthinking It | 18 August 2015
“Airlines complain that they are losing money because so many flights are nearly empty. Passengers complain that flying is miserable because planes are too full. They could both be right. When a flight is nearly empty, only a few passengers enjoy the extra space. When a flight is full, many passengers feel the crunch. Once you notice the inspection paradox, you see it everywhere. Does it seem like you can never get a taxi when you need one? When there is a surplus of taxis, only a few customers enjoy it. When there is a shortage, many people feel the pain”
from instapaper
12 weeks ago by petulantskeptic
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