Dollar Hot Dogs, Coupons, and Bidding for Wallets
The Answer Is Transaction Costs
00:00
Introduction
Munger: How much does free stuff cost? Would you pay more for a shorter line? And does the fact that people differ in wealth and the opportunity cost of time make space for price discrimination? Also, twedge in this week's letter. Munger: I always wonder if people overvalue free things.
Play episode from 00:00
Transcript
