Wednesday, January 7, 2009

Dow Jones bar

Renee and I found out there was a bar called Dow Jones in Barcelona where the price of the drinks fluctuated, and because we're both engineers (though she's nerdier than me, haha), we *had* to go check it out.

Sure enough, they had multiple LCD flatpanel screens hanging up above the bar displaying the prices of about 50 most commonly ordered drinks at the bar. The screens were up in place in a similar motif that you'd probably find in the securities floor in NYC on Wall St.

The way it worked was with each number of drinks ordered, the prices would fluctuate up or down. If a couple people just ordered your drink, the price went up some and those drinks that hadn't been ordered in a while dropped in price just a little bit.

They also added a nice touch with a set of wooden boards on the wall that held the highest and lowest prices in the bar's history for each of the drinks, so that you can do some head math to see what was probably a good deal and what probably wasn't. (I thought I took a picture of these boards but it looks like I didn't)

I don't know what exact formula for calculation the bar was using, but in general the prices were not cheap and I'd even say they were somewhat expensive. Nevertheless it seemed like the type of place that would fill up in the late evening because the concept was fun and the name was catchy.

It would be a fun place to bring 100 friends and try a couple of social experiments too. I'd do that but unfortunately I only have 99 friends in Barcelona. :)

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