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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 ...
The parallel 36°30′ north is a circle of latitude that is 36 and one-half degrees north of the equator of the Earth. This parallel of latitude is particularly significant in the history of the United States as the line of the Missouri Compromise , which was used to divide the prospective slave and free states west of the Mississippi River ...
Index Ventures and Female Founders Fund also participated, bringing Peanut’s total raise to date to $21.8 million. The round itself closed just weeks ago — arriving at a time when the ...
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