And yet consumers continue to relish live performances, shelling out even for back-row seats at many times the price of a movie ticket. Why? In part, because performing live is a handicap. With such little margin for error, the results are that much more impressive. A similar trade-off arises for musicians (e.g., lip synching is anathema) and standup comics, and for improv versus sketch-comedy troupes. A live performance, or even more so an improvised one, won’t be as technically perfect as a prerecorded one, but it succeeds by putting the artists’ talents on full display. Consider another
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