This concept of Black Friday. Sometime I wonder if it is the same concept as we have Diwali shopping in Delhi or Durga puji shopping in Kolkatta or the Dusherra or Sankrati shopping down south.
Now lets look at this concept. Why do people like the idea of discounted sale and occasion sale. Although I am not a psychologist or something, I guess people just like it when things are on discount or sale. The people are smart to know that these retailers work on huge profits and they wait for the days when they make these margins reasonable and not insane amounts as they do usually
Now as for the theory of why people line up at 4.00 am.... it is classic game theory at play. If everyone lines up 7.00 am...they would have maintained the same line...but then so e person decided he can beat the line by reaching at 6.55 and if you continue to think all people are rational...all end up loosing and coming at these insane hours of 3.00 or 4.00 am
Black Friday (shopping) - Wikipedia, the free encyclopedia
Quote of the Day:
The bananas were like that when I got here!
--Humpty Dumpty
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