Earlier quoted context omitted.
I did the same with Now and Laters. Buying them in bulk and selling them individually to kids at school.
Same here and one classmate thought I was being crass. Or being a profiteer.
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If you had 5 dollars and 2 hours, how would you make as much money as possible?
171–180 of 196 posts
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#172if we're going for outside the box thinking I would buy a homeless person a meal and claim the satisfaction was priceless. since priceless > $650 I win.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#173Earlier quoted context omitted.
There's no genius in this, it's just plain dishonest, and if any restaurant knew you were making fake reservations and then selling them they'd put a stop to it. That you don't think this is obvious blows my mind, and forces me to think you're a dishonest person in general. I can't fathom an honest person not immediately seeing this as wrong.
Okay, first of all, you should apologise to mechanical_fish. Ad hominem attacks are not cool. I agree it's a bit shady to sell reservations, and I would be uncomfortable to play any role in this (person in line, person buying, student selling, or restaurant employee), but how is it "dishonest"? That implies deception, and I see none. Selling reservations definitely violates the egalitarian "first-come, first-served"…
"That implies deception, and I see none."
Isn't it deceptive to make a reservation at the restaurant without any intentions to ever show up?
Call the restaurant and tell them "we would like to reserve 10 seats with the intention of selling them on the free market". If they give you the reservations, you have a honest business.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#174In the real world you probably wouldn't have constraints unless you were working for someone.
Actually, chris, you wouldn't have externally mandated quantitive constraints.
The restraints would not be mandated. You can choose to ignore them, but that would mean you would just fail.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#175Earlier quoted context omitted.
As far as a restaurant is concerned, why would they really care? It might annoy customers, but as long as the tables are still filling up, I feel the restaurant is more than happy, because they're still making the best of their available resources (tables and wait-staff). It's a valid point how the artificial constraints are the envelope and the time, because the way she listed the rules was, clock starts when you op…
Why not take ALL the reservations, and then force EVERY customer that wants to eat there to buy them from you? Because you're fucking up the social contract that restaurants have with their customers.
I do feel that it was sketchy to ignore the rules the way these teams did. However, the restaurants do not have a contract with their customers. If they want to have a contract with their customers, they can, but calling their expectations of what customers will do a "contract" dilutes the term.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#176Earlier quoted context omitted.
Okay, first of all, you should apologise to mechanical_fish. Ad hominem attacks are not cool. I agree it's a bit shady to sell reservations, and I would be uncomfortable to play any role in this (person in line, person buying, student selling, or restaurant employee), but how is it "dishonest"? That implies deception, and I see none. Selling reservations definitely violates the egalitarian "first-come, first-served"…
"That implies deception, and I see none." Isn't it deceptive to make a reservation at the restaurant without any intentions to ever show up? Call the restaurant and tell them "we would like to reserve 10 seats with the intention of selling them on the free market". If they give you the reservations, you have a honest business.
To be fair, they do intend to have someone show up and fill the table.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#177Earlier quoted context omitted.
"That implies deception, and I see none." Isn't it deceptive to make a reservation at the restaurant without any intentions to ever show up? Call the restaurant and tell them "we would like to reserve 10 seats with the intention of selling them on the free market". If they give you the reservations, you have a honest business.
To be fair, they do intend to have someone show up and fill the table.
What if nobody is buying? Anyway, further discussion seems futile.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#178Earlier quoted context omitted.
As far as a restaurant is concerned, why would they really care? It might annoy customers, but as long as the tables are still filling up, I feel the restaurant is more than happy, because they're still making the best of their available resources (tables and wait-staff). It's a valid point how the artificial constraints are the envelope and the time, because the way she listed the rules was, clock starts when you op…
>As far as a restaurant is concerned, why would they really care? It might annoy customers, but as long as the tables are still filling up, I feel the restaurant is more than happy, because they're still making the best of their available resources (tables and wait-staff). It's scalping. It raises the cost of a dinner in the restaurant without additional gains for them. Obviously restaurants would not go this.
The situation is more complicated.
It raises the monetary costs of dinner for people, who want to pay to avoid waiting. For the normal-waiting patrons the strategy feels like increased congestion. (And they bear the costs.)
Why do restaurants have queues anyway? Why don't they just raise their prizes until supply meets demand? There's more than one scholarly article about this question.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#179I'm amazed by the number of people in this thread who have gotten the challenge wrong. They didn't only have 2 hours to conceive and execute their idea, nor did they have to limit themselves to the $5.00. They were given an envelope that contained an unknown amount of seed money, and then they had 4 or 5 days to decide how to make money with it. They would only have 2 hours once they opened the envelope to make as mu…
I haven't voted you either way, but from the video it's still not clear to me whether the $5 was a known or unknown amount. I agree that the exercise makes more sense if it's unknown, but I don't think it was ever clearly stated.
Re: If you had 5 dollars and 2 hours, how would you make as much money as possible?
#180Earlier quoted context omitted.
There's no genius in this, it's just plain dishonest, and if any restaurant knew you were making fake reservations and then selling them they'd put a stop to it. That you don't think this is obvious blows my mind, and forces me to think you're a dishonest person in general. I can't fathom an honest person not immediately seeing this as wrong.
Okay, first of all, you should apologise to mechanical_fish. Ad hominem attacks are not cool. I agree it's a bit shady to sell reservations, and I would be uncomfortable to play any role in this (person in line, person buying, student selling, or restaurant employee), but how is it "dishonest"? That implies deception, and I see none. Selling reservations definitely violates the egalitarian "first-come, first-served"…
I owe him no such thing, nor did I attack him. I spoke of my own state of mind, that his comment made me think he was dishonest; I did not say that he was.
Omitting the truth is just as dishonest as lying. You don't try and parse technicalities with honesty, either you were acting in good faith or you weren't, not telling the restaurant that you intend to sell the reservations - something certainly outside their expectations - is deceptive and is most certainly dishonest.