The churrascaria experience
Brazilian steakhouses operate on a model unlike any other dining experience. The rodizio system—from the Portuguese word for “rotation”—sends an endless parade of meat-bearing servers to your table. Flip your card to green, and the cuts keep coming. Flip to red, and they pause. The price is fixed regardless of how many times you flip.
This creates a fascinating fairness question. Everyone at the table pays the same $65-85 per person for unlimited access. But consumption varies wildly. The person training for a marathon might consume 2 pounds of protein. The person recovering from a cold might pick at the salad bar. Both paid the same entry fee.
3-4 servings across 90 minutes. Mostly salad bar, a few slices of chicken. Estimated retail value: ~$35.
15+ servings across 90 minutes. Picanha, filet, lamb, bacon-wrapped everything. Estimated retail value: ~$180.
Both paid $72.95. Is that fair? The answer depends on what you think you’re paying for—and behavioral economics has a lot to say about it.