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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.
Dave Chappelle. David Khari Webber Chappelle (/ ʃəˈpɛl / shə-PEL; born August 24, 1973) is an American stand-up comedian and actor. He starred in and co-created the satirical comedy sketch series Chappelle's Show (2003–2006) before quitting in the middle of production during the third season.
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 ...
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