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> Sure, until that information is used to give individualized prices and other things. Or used to hide things or show you only things the algorithms decide you
by an_opabinia 6y ago
> Sure, until that information is used to give individualized prices and other things. Or used to hide things or show you only things the algorithms decide you like....or should have according to them.
If anything, prices would rise for richer people, and decline for poorer people.
Is that bad?
- rytill 6y agoPerhaps, but if/when word got out that this was occurring, an arbitrage opportunity would be available. Unless it were only a very marginal amount cheaper that would not cover the cost of arbitrage.
- an_opabinia 6y agoI got news for you, this already happens all the time, without nominally different pricing, just pricing for different SKUs. The arbitrage is realized by producers.
- qazxcvbnmlp 6y agoYeah. And the rich don’t mind, because status signaling is a a thing.
- TheCoelacanth 6y agoI don't think it's that simple. Often it would be the reverse because the richer people have more options of other places to buy.