Chapter
The Pros and Cons of Transparency in Markets
1:45:03 - 1:53:25 (08:21)
The podcast discusses the advantages and drawbacks of transparency in markets, such as the restaurant industry and trading markets, with examples of how it affects the consumer and the overall experience.
Clips
Two different price points for event tickets caused confusion among attendees, with some feeling their tickets were stolen from them.
1:45:03 - 1:46:19 (01:16)
Summary
Two different price points for event tickets caused confusion among attendees, with some feeling their tickets were stolen from them.
ChapterThe Pros and Cons of Transparency in Markets
Episode#341: Nick Kokonas — How to Apply World-Class Creativity to Business, Art, and Life
PodcastThe Tim Ferriss Show
The guest speaker launched their software seven hours before the first dinner event, a one-man operation plus one programmer.
1:46:19 - 1:47:42 (01:23)
Summary
The guest speaker launched their software seven hours before the first dinner event, a one-man operation plus one programmer. Due to an incorrect system setup, 8-9,000 people looking to book accessed the system at the same time leading to the refresh key being overloaded.
ChapterThe Pros and Cons of Transparency in Markets
Episode#341: Nick Kokonas — How to Apply World-Class Creativity to Business, Art, and Life
PodcastThe Tim Ferriss Show
The speaker recounts how he managed to handle the emergency three weeks prior to the opening of their restaurant.
1:47:45 - 1:50:07 (02:22)
Summary
The speaker recounts how he managed to handle the emergency three weeks prior to the opening of their restaurant. He explains how he tried to solve a booking problem by himself, impressing his colleagues.
ChapterThe Pros and Cons of Transparency in Markets
Episode#341: Nick Kokonas — How to Apply World-Class Creativity to Business, Art, and Life
PodcastThe Tim Ferriss Show
This episode explores the importance of transparency and how it can transform industries like trading markets and reservations systems.
1:50:07 - 1:53:25 (03:17)
Summary
This episode explores the importance of transparency and how it can transform industries like trading markets and reservations systems. Allowing people to see the entirety of the inventory can bring about positive changes.