Why do airlines sell too many tickets? - Nina Klietsch
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View full lesson on ed.ted.com: http://ed.ted.com/lessons/why-do-airlines-sell-too-many-tickets-nina-klietsch<br />
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Have you ever sat in a doctor’s office for hours, despite having an appointment? Has a hotel turned down your reservation because it’s full? Have you been bumped off a flight that you paid for? These are all symptoms of overbooking, a practice where businesses sell or book more than their capacity. So why do they do it? Nina Klietsch explains the math behind this frustrating practice.<br />
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Lesson by Nina Klietsch, animation by Anton Trofimov.
<br />
Have you ever sat in a doctor’s office for hours, despite having an appointment? Has a hotel turned down your reservation because it’s full? Have you been bumped off a flight that you paid for? These are all symptoms of overbooking, a practice where businesses sell or book more than their capacity. So why do they do it? Nina Klietsch explains the math behind this frustrating practice.<br />
<br />
Lesson by Nina Klietsch, animation by Anton Trofimov.
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