106 reputation
4
bio website math.utep.edu/faculty/…
location El Paso, TX
age 31
visits member for 11 months
seen Jun 20 '12 at 9:06
stats profile views 1

Computational Science PhD student - University of Texas El Paso
Lecturer - University of Texas El Paso
M.S. Applied Mathematics - University of New Mexico
B.S. Mathematics and Spanish - University of New Mexico
Climate & Energy Science Student Organization President
National Energy Technology Laboratory Intern
Los Alamos National Laboratory Intern
NASA Ames Research Center Intern
NSF LSAMP Fellow
XSEDE Scholar


Jun
19
awarded  Student
Jun
17
comment How do I determine the optimal price to maximize profit from a contest?
That's true... It would be nice if we had enough money as they do at MIT, where a contest like this has a grand prize of $100K, enough to actually create a startup company... It really should be the prestige and "CV padding" that should be the main focus, and the cash prize secondary.
Jun
17
comment How do I determine the optimal price to maximize profit from a contest?
The scenario of your friend seems more like what I had in mind originally, but I don't want to make the same mistake... How do you feel she could have done things better?
Jun
17
comment How do I determine the optimal price to maximize profit from a contest?
I like the idea of scaling the prizes based upon the number of tickets sold, but I foresee one other problem with it: advertising. If potential customers don't know exactly what they can expect to win, they are less motivated to purchase a ticket. How can I account for this too?
Jun
17
comment How do I determine the optimal price to maximize profit from a contest?
Is the only way to determine the demand by experimentation (trial and error)? What techniques can I use to determine an expected number of tickets to be sold?
Jun
15
awarded  Supporter
Jun
15
revised How do I determine the optimal price to maximize profit from a contest?
added more detail about market studies.
Jun
15
awarded  Editor
Jun
15
revised How do I determine the optimal price to maximize profit from a contest?
added 21 characters in body
Jun
15
awarded  Autobiographer
Jun
15
asked How do I determine the optimal price to maximize profit from a contest?