4 ms·
I'm honestly still not clear on the distinction. > Agreeing to use an algorithm is an agreement. In algorithmic collusion, a pricing algorithm combines competi
by tqi 3y ago
I'm honestly still not clear on the distinction.
> Agreeing to use an algorithm is an agreement. In algorithmic collusion, a pricing algorithm combines competitor data and spits out the suggested “maximized” rent for a unit given local conditions.
This sounds exactly like what a compensation consultant does (collect competitor data, including data from other clients, and suggest a comp range)?