The rate per mile can be translated into the rate per minute via the current spe... | Hacker News

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		H8crilA on Oct 27, 2020 \| parent \| context \| favorite \| on: NYC taxi meter and options pricing The rate per mile can be translated into the rate per minute via the current speed. That's why the option payout formula appears.

dannyw on Oct 27, 2020 [–]

But why make it an option payout, instead of time + distance?

H8crilA on Oct 27, 2020 | [–]

Because it allows for a more interesting analysis.

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