Overheard at airport, at an overbooked flight. Man #1: “I’d give up a seat for $500.” #2: “$500?!? I’d do it for le...” #1: “Bro do you see anyone else up here. They need two seats. (To agent) He will do it for $500.” I like this guy.
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It absolutely differs a lot. If I don’t really care about my schedule and there’s another flight in a couple hours, that’s a lot different from missing a day or two of vacation or an important meeting if I miss the flight.
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That’s exactly what I was thinking after I wrote my answer. I wonder if they adjust the auctions depending on the kind of flight they have. A mostly business crowd won’t want to miss their meetings, but tourists may not mind the pocket money.
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In theory an auction adjusts to the population of any flight. But there might be something to that with where you anchor the auction, from psychology. Some are insulted or get overly hungry if an anchor is higher or lower than expected.
End of conversation
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I think this is also a function of how long your wait for the next flight will be and what you do with your time. If I can write code at the airport and there’s no urgent reason to be at my destination then the value of my time doesn’t factor in much. Esp with lounge access.
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