From classic concepts like adverse selection, sunk costs, diminishing marginal returns, to more exotic economic mysteries, like the flat rate pricing bias. Here at Planet Money we believe there's a lot of economics going on at the all-you-eat buffet, tucked in between the mountains of brisket and troughs of mashed potatoes.
But you know where you can really see a lot of economic concepts in action? Buffets.
An economic scavenger hunt at a Las Vegas all-you-can-eat buffet : Planet Money You might expect to find economic concepts in the pages of an economics textbook.
