3 ms·
On one hand this is a 'duh' thing... At the same time, It's worth digging deeper and asking questions as to why/how we are repeating mistakes. By that, I mean
by to11mtm 2y ago
On one hand this is a 'duh' thing...
At the same time, It's worth digging deeper and asking questions as to why/how we are repeating mistakes.
By that, I mean, We have seen historically, 'oopsies' and/or 'problematic patterns' around 'automated trading' and feedback loops that can result.
TBH we are likely seeing similar impact in used car market.
Possibly all done by people who couldn't hack it in algorithimic automated trading...
- FireBeyond 2y agoTo the users of this software, it isn't an oops at all, it's absolutely _desired behavior_. To hapless tenants, it is a negative. They're the _victims_ of the algorithm, not the users.
- tiew9Vii 2y agoI think the incentives are completely clear, it’s about maximising $$$, profit, returns. People are not making mistakes, it’s a conscious effort to increase profit as much as possible. The only mistakes is allowing this to exist and not regulating it out of existence.
- nothercastle 2y agoWhat’s wrong with the used car market? Prices are basically a commodity. https://www.cargurus.com/ https://www.cargurus.com/ aggregates national prices and makes price discovery a breeze.