“ not every cab-hailer after a late night celebration is necessarily working as a perfectly rational, informed market actor. The lesson Uber learned in the first night of 2012 is something other companies who otherwise trust data over intuition might learn from.
economics
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New York cab fleecing holds less on data versus intuition
This guy, however, gets it - explaining the implication of charging $107 for a 1.5 mile cab ride.
