can someone explain why its ok to overbook flights in the first place? like its hundreds of dollars and theres literally assigned seats wtf
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after enough times being proven wrong i feel like one would change their expectations?
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It's a business thing - the money they lose from compensating ppl for overbooking is less than what they'd lose if they didn't overbook
exactly this, here's MR take with a longer linked piece marginalrevolution.com/marginalrevolu
it's clever and generally efficient, they just fucked it up
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it seems like theres maybe a middle ground between "deliberately underfilled" and "every flight ive been on has to bump five people"
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They calculate with big statistical models to allow for no shows, missed connections, weather delays, etc...
Sometimes "overbooking" isnt.
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