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The profit from accurately predicting future prices would dwarf advertising / computing revenue. The problem with any prediction is as soon as it's acted on or
by everdev 7y ago
The profit from accurately predicting future prices would dwarf advertising / computing revenue. The problem with any prediction is as soon as it's acted on or made public it starts to affect the system requiring an updated prediction. If enough people buy into the prediction it's a self fulfilling prophecy. So much of pricing is influenced by human nature though. Good luck predicting that consistently over time.
- chiefalchemist 7y agoAlso, the airlines could change their algorithm - randomly. If for no other reason than to muck with Google.
- koolba 7y agoFrom their detail page: > How much money can I get back? Price guarantee pays you the difference between the flight price when you book and the lowest ticket price. To get money back, the price difference must be greater than $5. You can receive up to $500 back total for all of the flights you book with Google price guarantee. That’d be pretty hilarious for an airline to explicitly dick them over for $500 a pop.
- jonknee 7y agoSomehow I think Google would manage to outsmart them at their own game.
- 9nGQluzmnq3M 7y agoOnly problem is that it would also mean $500 less revenue for the airline.