Wednesday, April 12, 2017

CFA Exam Price Discrimination

An effective way of sorting high willingness-to-pay from low willingness-to-pay consumers is by using the time to the event. The CFA Institute has learned this trick comon to airlines. By registering for exams early enough, you can save about half the fee. For example, here is the schedule for the December 2017 exam.

Early registration fee US$ 650 (15 Mar 2017)
Standard registration fee US$ 930 (16 Aug 2017)
Late registration fee US$ 1,380 (13 Sep 2017)

It is likey that there are negligible costs involved with the late regestrations.

Suggested by Sameer Sathe

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