How Uber Drivers Decide How Long to Work
Classical and behavioral economists have long differed on whether taxi drivers rationally maximize their profits. Now, with enormous amounts of new data from Uber, it looks like taxi drivers prove each side right, at least some of the time. New drivers, in particular, seem to use the suboptimal rules of thumb that behavioral economists like Colin Camerer and Richard Thaler predicted, but this becomes less true as drivers become more experienced.
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