{"id":9457,"date":"2013-08-17T12:00:38","date_gmt":"2013-08-17T16:00:38","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=9457"},"modified":"2013-08-17T01:35:57","modified_gmt":"2013-08-17T05:35:57","slug":"the-economics-of-bottomless-drinks","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2013\/the-economics-of-bottomless-drinks\/","title":{"rendered":"The Economics Of Bottomless Drinks"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/08\/081713_0250_TheEconomic1.jpg\" width=\"640\" height=\"426\" \/><\/p>\n<p>Derek Thompson took a look at how restaurants can afford to offer bottomless drinks:<\/p>\n<ul>\n<li>There is an element of peer pressure. Every other restaurant offers bottomless deals, and so all restaurants have to. For them the question is &#8220;how could they afford to <em>not <\/em>offer bottomless drinks&#8221;?<\/li>\n<li>Customers are attracted to such deals because we have a psychological predisposition to like free. Rather than a discount on individual drinks, we&#8217;d prefer to pay more up front and create the illusion of getting things for &#8220;free&#8221;.<\/li>\n<li>People don&#8217;t just drink at a restaurant. They order things to eat and the restaurant makes money from this and from repeat customers.<\/li>\n<\/ul>\n<p>Check out the entire video and its transcript over <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2013\/08\/are-bottomless-drinks-good-business\/278676\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.theatlantic.com\/business\/archive\/2013\/08\/are-bottomless-drinks-good-business\/278676\/\">The Atlantic<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Derek Thompson took a look at how restaurants can afford to offer bottomless drinks: There is an element of peer pressure. Every other restaurant offers bottomless deals, and so all restaurants have to. For them the question is &#8220;how could they afford to not offer bottomless drinks&#8221;? Customers are attracted to such deals because we [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2013\/08\/081713_0250_TheEconomic1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=9457"}],"version-history":[{"count":3,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9457\/revisions"}],"predecessor-version":[{"id":9479,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/9457\/revisions\/9479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/9456"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=9457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=9457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=9457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}