<story><title>NYC taxi meter and options pricing</title><url>https://questdb.io/blog/2020/10/16/taxi-drivers-are-options-traders</url></story><parent_chain></parent_chain><comment><author>JackFr</author><text>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.&lt;p&gt;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.</text></comment>
<story><title>NYC taxi meter and options pricing</title><url>https://questdb.io/blog/2020/10/16/taxi-drivers-are-options-traders</url></story><parent_chain></parent_chain><comment><author>jedberg</author><text>&amp;gt; driving customers faster earns the driver more.&lt;p&gt;I always knew this, but I always assumed it was because of the value of the $2.50 meter drop.  I didn&amp;#x27;t realize how much of an incentive it was built into the meter fare.&lt;p&gt;This explains why they always drive so crazy.</text></comment>