I trully, really love swimming in clear water, a natural river, not sea. With many leaves fall unto the water. Reaching the river bed and holding breath for minutes is the thing that I always do. Eventhough in that photo wasn’t a river, at least it could fulfilled my passion bit after a very long time of routines. I’ll go for another round next time.
“ If anyone is having a bad day, remember that today in 1976 Ronald Wayne sold his 10% stake in Apple for $800. Now it’s worth $58,065,210,000. ”
Supply and Demand Bar
I was reading the awesome blog over at Freakonomics when I stumbled across this fascinating post. A bar called D Street, located in Encinitas, CA - is pricing its drink based on supply and demand.
I was recently at a bar for 25-cent wing night that I had not gone to in a while, and saw something I thought you guys would be interested in. It was a drink price index ticker and they had them on TV’s all over the bar. It seemed that if a drink wasn’t ordered in a 15-minute time span the drink would go down a few cents. When we showed up my friend had his eye on an irish car bomb which was over $5 at the time, in the hour or so we were there it went down to his target range of about $3.75. As soon as his was ordered it jumped back up over $4.
I had a few thoughts on this idea:
- First if you buy a round for your friends and want the same round twice, the second round will be significantly higher which has got to lead to some weird situations when the check comes.
- Second, this is a good incentive for going in when it is slow because drinks will be considerably lower and vice versa for when it is busy.
What do you guys think of this? Is it the future of restaurants, or just a cool experiment?