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If all the airlines (or whatever business) are doing something like this, how would you know what the prices are and what the alternatives are? Custom prices pe
by nemomarx 6mo ago
If all the airlines (or whatever business) are doing something like this, how would you know what the prices are and what the alternatives are? Custom prices per user based on willingness to pay shifts market value around a lot.
- bit1993 6mo ago> If all the airlines (or whatever business) are doing something like this Then that would be the main issue and far worse then the algorithms, that's a monopoly or cartel and not a free market. Because in a competitive market prices will be competitive with very little arbitrage.
- greenmilk 6mo agoI've got news for you there. The Biden administration tried to take the first real antitrust action in decades and then suddenly a bunch of tech oligarchs switched from supporting Democrats to supporting a convicted felon
- blargey 6mo agoWhen the algorithm is for estimating consumer surplus, the line between coordination and independent cost-optimization disappears. Why would you try to one-down on price if an “objective statistical AI algorithm” tells you you’d be leaving money on the table without gaining market share to compensate? All it takes is for the market to be sufficiently concentrated at that point.