Question
A flight has one seat left. The full-fare tickets are priced at $900 and the discount tickets are priced at $400. The airline estimates that
A flight has one seat left. The full-fare tickets are priced at $900 and the discount tickets are priced at $400. The airline estimates that the probability of selling full-fare customers is 60%. To maximize the expected revenue, should the airline sell the seat at the discount price?
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The Socionomic Theory Of Finance
Authors: Robert R. Prechter
1st Edition
0977611256, 978-0977611256
