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patio11 has interesting insights, but does give off an "angry nerd" vibe Whether poker players are predicting the future or not, I would argue Amazon is doing
by Leftium 3y ago
patio11 has interesting insights, but does give off an "angry nerd" vibe
Whether poker players are predicting the future or not, I would argue Amazon is doing the same thing:
- Each potential customer can be considered a hand with a certain probability.
- Amazon is sizing their "bet" (ad budget) according to the probability that customer will convert.
I also agree with this observation about poker, and can imagine Amazon using a similar strategy: https://hw.leftium.com/#/item/39462238 https://hw.leftium.com/#/item/39462238
Successful marketers were already teaching this decades ago: https://thegaryhalbertletter.com/newsletters/direct_marketing_to_a_starving_crowd.htm https://thegaryhalbertletter.com/newsletters/direct_marketin...