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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.
Take a look below at some of our favorite bags on sale at Kate Spade that are an extra 30% off with code EXTRA30 now through Sept. 22. Kate Spade. Knott Large Shoulder Bag. $195 $398.
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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The 30% Club is a campaign group of business chairpersons and CEOs taking action to increase gender diversity on boards and senior management teams. [ 1 ] [ 2 ] It was established in the United Kingdom in 2010 by Helena Morrissey [ 3 ] with the aim of achieving a minimum of 30% female representation on the boards of FTSE 100 companies.
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