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More or Less: Behind the Stats

Economics of Overbooking

More or Less: Behind the Stats

BBC

Business, Mathematics, Science, News Commentary, News

4.63.5K Ratings

🗓️ 14 April 2017

⏱️ 25 minutes

🧾️ Download transcript

Summary

Why airlines bet that not everybody will turn up for a flight.

Transcript

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0:00.0

Just before this BBC podcast gets underway, here's something you may not know.

0:04.6

My name's Linda Davies and I Commission Podcasts for BBC Sounds.

0:08.4

As you'd expect, at the BBC we make podcasts of the very highest quality featuring the most knowledgeable

0:14.3

experts and genuinely engaging voices. What you may not know is that the BBC

0:20.4

makes podcasts about all kinds of things like pop stars,

0:24.6

poltergeist, cricket, and conspiracy theories and that's just a few examples.

0:29.7

If you'd like to discover something a little bit unexpected, find your next podcast over at BBC Sounds.

0:36.0

This is the BBC.

0:40.0

Hello, this is the longer Radio 4 edition of More or Less, back for a new series.

0:45.8

I'm Tim Harford and this program was first broadcast on Friday the 14th of April.

0:50.5

Hello and welcome to a new series of More or Less, your weekly guide to the numbers all around

0:56.9

us in the news and in life.

0:59.7

This week we love facts, but to facts actually persuade people. We'll look at how

1:05.4

myth-busting can succeed or backfire, and we'll try a little light fact-checking of

1:10.7

our own on various stories that are broken while we've been off air, including dentistry.

1:15.6

And if you can concentrate for long enough, you'll get to our story on claims that attention spans are shrinking.

1:22.2

But first, this week passengers on a United Airlines flight

1:26.4

from Chicago to Kentucky witnessed an extraordinary sight. Security officers seized hold of a man sitting in a window seat, hoisted him out by force, and

1:36.5

dragged him down the aisle by his arms.

1:39.8

Videos of the incident have been shared around the world. No, this is wrong.

1:43.6

Oh my God, look at what you did here!

1:46.2

Oh my God!

...

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