Crunching the numbers to see how complex systems can be optimized
Monday, November 18, 2013 - 09:30
in Mathematics & Economics
When consumers look at cars at an auto dealership, they have speed on their minds—and not necessarily the sort measured by 0-to-60 acceleration. Rather, they want to buy cars quickly: Evidence shows that people tend to purchase something that's available on the lot, rather than waiting for an order to arrive from another site, even though an auto is a major purchase.