Parking Meters are Reverse Slot Machines
Raymond Chen has an amusing blog post, “When computer programmers dabble in economics: Paying parking tickets.” This is further dabbling in economics, and I hope you find it amusing.
I believe that parking meters–the old fashioned kind where you put coins in and hope to not get a ticket–are precisely the opposite of slot machines. With a slot machine, you put money in, and you hope, money comes out. I like not putting money in parking meters, and hoping none comes out of my pocket.
Photo: “Downtown Phillipsburg, NJ,” by Peachhead.