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More customers = less money.

I love coming across simple, non-intuitive results.
I just got back from CES in Las Vegas (more on that later..if I get to it!) and learned what I thought was a fascinating piece of information from a cab driver.

His take: he actually made less money during the busy CES period, unlike my natural assumption that the busy convention period may be great for business. The reasoning: the crowd and the traffic jams it resulted in meant a journey that would take 10-15 mins was now taking 45 mins. So even though there were in theory more rides available, it took 3 times as long to complete a single, so net-net he believed he was doing fewer rides (and less money) during the day.

Comments

Andrew said…
At first I thought you were posting about YouTube and that title really caught my attention! LOL. I guess in this respect there is less "traffic" on the Internet...
meghaks said…
I had a similar discussion with my cab driver on one of my many trips to and from the airport. I assumed it would cost me significantly more on a Thursday night at 6 pm from O'Hare to the city since it took double the time. But it was maybe $5 more, if that. And the cabbies, obviously, are not a big fan of the massive Chicago traffic jams and essentially gain nothing from having me in the car for 45 minutes vs. the usual 20 or so it takes to get to O'Hare on a normal day.
Faisal said…
Did you catch Bill Gates and Slash during the keynote speech?

And I can't believe you watched the Lake House...
Satyajeet said…
I did! the line for that keynote snaked over 3-4 floors!

And yes I did watch it, but I'm not proud...

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