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uber pricey
Data prove that often a yellow taxi is a better deal than an Uber
Uber, the on-demand taxi service, is on course to revolutionize the
way we travel in cities. It’s so popular that it has changed how we
talk about other new on-demand services and it’s now valued at over
$40 billion. But a team of researchers has shown that—at least in
New York City—there are plenty of times when a regular old yellow
taxi is cheaper than an Uber.
A group of computer scientists from the University of Cambridge and
Belgium’s University of Nanmur calculated that Uber is more
expensive than a yellow cab for a trip in New York City that costs
less than $35, the MIT Technology Review reports.
As the research paper says, “human mobility tends to be
characterised by a vast majority of short trips” and “Uber’s
economical model exploits this trend of human mobility in order to
maximise revenue.” The argument is that Uber’s model skews more
expensive for shorter rides. In short: You should probably just wait
for a cab.
[…]
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http://qz.com/363759/data-proves-that-often-a-yellow-taxi-is-a-better-deal-than-an-uber/