MIT Technology Review

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Mon Dec 13 19:17:44 +0000 2021

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MIT Technology Review @techreview

E-commerce has propelled pricing algorithms into an everyday occurrence—whether you’re shopping on Amazon, booking a flight, or ordering an Uber. As part of our series on automation and your wallet, we see what happens when a machine determines prices. https://t.co/xlmsEU4XTE — PolitiTweet.org

Posted Dec. 13, 2021 Hibernated

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MIT Technology Review @techreview

These days, prices are decided by algorithms. It’s called dynamic pricing, which prices things according to current market conditions in order to increase profits. Listen to #InMachinesWeTrust to explore how pricing algorithms learn to collude. https://t.co/4yFdqyN77W https://t.co/NP4ApGmW8H — PolitiTweet.org

Posted Dec. 13, 2021 Hibernated

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MIT Technology Review @techreview

The key to making dynamic pricing algorithms work is a rich data set on customers and what drives their willingness to pay. The more data, the more targeted prices can be for individuals. — PolitiTweet.org

Posted Dec. 13, 2021 Hibernated