The question isn’t “How many people have to travel”, but “How many people have to travel who otherwise would not have to”, which basically reduces to “How many people are coming from the Bay Area”. I’ll admit that I don’t really know that number, but it seems implausible that it’s 50%.
(I could believe that it’s 50% for the last EA Global, but I expect that a lot of people showed up because it was so close to them, and so we’d get less of those people but more of other people who live closer to the chosen venue.)
In addition, as Denkenberger said, any participants from the US East Coast or Europe would travel less.
Good point about the heavy-tail distribution for time value, I hadn’t thought about that. I agree that taking that into account $30 may not actually be too high. (Although travel time is not completely wasted, you can work along the way.)
Sorry, totally missed the response here.
The question isn’t “How many people have to travel”, but “How many people have to travel who otherwise would not have to”, which basically reduces to “How many people are coming from the Bay Area”. I’ll admit that I don’t really know that number, but it seems implausible that it’s 50%.
(I could believe that it’s 50% for the last EA Global, but I expect that a lot of people showed up because it was so close to them, and so we’d get less of those people but more of other people who live closer to the chosen venue.)
In addition, as Denkenberger said, any participants from the US East Coast or Europe would travel less.
Good point about the heavy-tail distribution for time value, I hadn’t thought about that. I agree that taking that into account $30 may not actually be too high. (Although travel time is not completely wasted, you can work along the way.)