Radiohead Experiment Blows Up
Posted By: Dr. Frugal in Economics on 11/07/2007 at 06:52:50
I hope Radiohead learned their lesson. Releasing an album online where people could pay anything they wanted...come on. Surely you had to know that MOST PEOPLE would pay nothing--and that's exactly what they did--pay nothing. Only 38% paid anything and of those the most popular fee was $6. I don't really listen to Radiohead but apparently the album was of poor quality and the music itself was pretty lousy, effectively tampering with the experiment. Oh well, you got what you deserved for being dumb.
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