The new economics of getting sloshed: using game theory to choose your…

Bars across the country are implementing a market-based pricing algorithm that automatically adjusts the cost of drinks from minute-to-minute, based on the ordering trends of its patrons. If the bar is selling a lot of cocktail A, the price of that drink increases. If sales on beverage B are down, the cost of the… » 9/25/12 7:30am 9/25/12 7:30am