The Decision Corner cover image

The Voltage Effect with John List

The Decision Corner

CHAPTER

Vital Signs After a False Positive

i used to be the chief economist at uber. We had an idea that we should try to raise the pay for drivers, and that's through the rate card. Even though ober raised the rate card, drivers ended up ponding by both driving more and new drivers came in because they saw the higher rate card. Those two features ended up making the initial rate card increase neutered. Essentially, the wages did not increase at all for drivers. So that particular idea, ober was trying to do a good thing. They were trying to raise the wages for drivers, but the market dynamics worked out to where the market undid it.

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