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by hft_throwaway
4396 days ago
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I think it's a bad idea for a restaurant. Auctions generally involve "winner's curse" where the top bidder almost always overpays vs. fair value. Restaurants want to give customers a good experience to keep them coming back. Feeling like a sucker leads to buyer's remorse. Getting a "difficult" reservation feels like a prize. Sure Next tickets may be underpriced at times. I imagine the Trio menu will be a very hot ticket when it first comes out, but pricing so customers get a good value for the duration of the menu is a better long-term play. The guy who scores "underpriced" tickets will feel great about the experience, brag to his friends, and likely return. Are people who paid $800 for a PS4 happy about their decision today? |
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