Planet Money Explores the Economics of All-You-Can-Eat Buffets in Las Vegas
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The all-you-can-eat buffet demonstrates many economic concepts like adverse selection, sunk costs, and diminishing marginal returns.
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Planet Money investigates the economics of buffets, heading to Las Vegas where the modern buffet originated.
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The goal is to feast on economics concepts while enjoying the endless food at a Vegas buffet.
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An economist teaches his strategy to optimize the buffet experience.
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The show explores the exotic concept of flat rate pricing bias at buffets.