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TLC's Extreme Couponing is a show about shoppers who make extensive and focused use of coupons to save money while accumulating large quantities of goods. [4] It was previewed in December 2010; after surpassing network expectations with more than 2 million viewers, it received a series order [5][6] and began regular airings in April 2011.
The economist Alex Tabarrok has argued, that the success of this promotion lies in the fact that consumers value the first unit significantly more than the second one. So compared to a seemingly equivalent "Half price off" promotion, they may only buy one item at half price, because the value they attach to the second unit is lower than even the discounted price.
The idea becomes clearer by considering the general series 1 − 2x + 3x 2 − 4x 3 + 5x 4 − 6x 5 + &c. that arises while expanding the expression 1 ⁄ (1+x) 2, which this series is indeed equal to after we set x = 1.
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