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It's not transparent about how it models the supply curve and how much demand there is. If they didn't want to be hated, they'd establish enough data that one w
by michaelochurch 12y ago
It's not transparent about how it models the supply curve and how much demand there is. If they didn't want to be hated, they'd establish enough data that one who wanted to could prove that it was fair market pricing (and that Uber wasn't making additional profit during surge pricing, silencing doubt about perverse incentives).
- nemothekid 12y agoI honestly don't follow. I don't understand how their models would be useful to anyone except economics students. Even if they could say it was fair market pricing, I doubt complaining users who were too lazy/didn't care to read the "2x surge pricing" alert in big bold letters would be swayed by a white paper. Not to say I'm against transparency - it would most likely be incredibly rich data and give more power to drivers, but it seems Uber's trip up from a public point of view is that users feel cheated due to surge pricing. I'm having trouble understanding how one can feel cheated when the prices are laid before you - maybe Uber should replace "4x" with the estimated amount (of course then you'd have the complaining if the estimate is a little bit off).