Cabs are paid by the minute below a certain speed and by the mile above a certain speed. Cab drivers will earn more by completing trips faster. Thus congested traffic costs costs cab drivers money.
The introduction of option pricing theory, terminology and various forms of hand waving does nothing but confuse the central argument with gross misapplication of theory.
The introduction of option pricing theory, terminology and various forms of hand waving does nothing but confuse the central argument with gross misapplication of theory.