http://autumnkaybrookmire.com/2009/01/01/new-years-and-all-that/ Traveling like its going out of style. Mon, 21 May 2012 05:52:47 +0000 http://wordpress.org/?v=2.6.2 http://autumnkaybrookmire.com/2009/01/01/new-years-and-all-that/#comment-92 admin Sun, 11 Jan 2009 01:14:13 +0000 http://autumnkaybrookmire.com/?p=192#comment-92 How bizarre. I totally want to be a cab driver in my lifetime. I'm probably going to do it. I think it would be totally fun and I'll make a shit ton of money in the rain! hehe How bizarre. I totally want to be a cab driver in my lifetime. I’m probably going to do it. I think it would be totally fun and I’ll make a shit ton of money in the rain! hehe

]]> http://autumnkaybrookmire.com/2009/01/01/new-years-and-all-that/#comment-90 ellie Fri, 09 Jan 2009 08:42:40 +0000 http://autumnkaybrookmire.com/?p=192#comment-90 An economist at my old job told me someone did a study on cab drivers' behavior somewhere in the U.S., and they actually are out less in the rain even though it wouldn't be long-term profit maximizing for them to go home. Cab drivers could make hella money on rainy days if they drove the whole day, but most cab drivers quit for the day once they've made a certain amount. So on rainy days they quit sooner because they've made their money, so there actually are fewer cabbies on the street. Really it would make pure economic sense for them to work a lot on rainy days and take time off on nice days when they can't make money, but they don't think like that. It's a "Have a goal to make a certain amount each day" mentality not "Maximize money and free time." The result is there are way too many cabs when no one wants them and you can't find one once it's been raining. An economist at my old job told me someone did a study on cab drivers’ behavior somewhere in the U.S., and they actually are out less in the rain even though it wouldn’t be long-term profit maximizing for them to go home. Cab drivers could make hella money on rainy days if they drove the whole day, but most cab drivers quit for the day once they’ve made a certain amount. So on rainy days they quit sooner because they’ve made their money, so there actually are fewer cabbies on the street. Really it would make pure economic sense for them to work a lot on rainy days and take time off on nice days when they can’t make money, but they don’t think like that. It’s a “Have a goal to make a certain amount each day” mentality not “Maximize money and free time.” The result is there are way too many cabs when no one wants them and you can’t find one once it’s been raining.

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