They pay 1 million.

It's why the purchase price is so high.

So of course, what matters in a home?

Then auctions like eBay are another example of dynamic pricing.

So, and maybe in particular the people who were going to buy this car at any given price point

The price of admission.

But there are two types of prices.

And you know that it's going to be 100.

It turns out we made this pretty easy.

If you expect the future price to go up and the good or the product in question is something that you can store, well, depending on how much you expected to go up, you're probably more likely to buy now buy before the price goes up.

I could actually price on specific customer segments or on features I know they need.

There's no haggling.

They want to encourage high volume purchases, and so they have stepped pricing that is oriented to create volume.

Look, Pat, First Rate got that contract fair and square.

So at 2 more people would wanna buy 'cause things gonna go up.

If the price is high, very few people are going to want to buy it, and I'm not going to specify what the price is, but this is a general idea if the price is higher, fewer people are going to want to buy it

Now I'm making 300,000 a year. This seems like a good idea.

But anyway, the whole point of this video is, is when you have these asset bubbles, like in real estate, and you have this downplaying of risk, and this psychology that an asset class can only go up.

Set a price for this item

Preston promised his car would sell for 1,000.

...I'm printing the money so that I can buy particular assets,

So let's talk about our first scenario here, where let's say this curve, people didn't expect prices to change for my e book and now all of a sudden, people expect there's a change in expectation.

Let's take a look.

Price

They just have it around.

licensing and intermediation and direct sales, etc.

One is fixed prices.

But there's another type of pricing.

What s the revenue stream. That s our strategy.

Cost plus market, value pricing, and volume price are all examples of fixed pricing tactics.

It should be a value based decision.

That just means that the last three yield management, real time, and auctions are examples of dynamic pricing.

In companies do you know how much each individual department can sign off for?

I think Bernanke's exact words were that, we're not going to buy at fire sale prices, we're going to buy at hold to maturity prices.

It does this in a couple of ways chasing productivity, which drives down prices and encourages us to buy more stuff.

Orchards has.

Well, let's put a tax on oil that is a non revenue tax, and it basically says for the next 20 years, the price of oil will be whatever you want, 35 bucks, 40 bucks.

And then kind of the third common errors, my price hast to be less than my competitor's price.

What was the market size? What share could you take?

Let's look at these cases a little bit more carefully and figure out what's going on.

Par value

Redemption

Present value

Present values

Future value