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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.
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 ...
2005 →. The 2004 Football League First Division play-off final was an association football match which was played on 29 May 2004 at the Millennium Stadium, Cardiff, between Crystal Palace and West Ham United. The match was to determine the third and final team to gain promotion from the Football League First Division, the second tier of ...
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