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WSJ's profile
The Wall Street Journal
The Wall Street Journal
The Wall Street Journal
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@WSJ

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The Wall Street JournalVerified account

@WSJ

Breaking news and features from the WSJ.

New York, NY
wsj.com
Joined April 2007

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    The Wall Street Journal‏Verified account @WSJ 8 May 2017

    Competition is supposed to lower prices. Algorithms are doing the opposite.http://on.wsj.com/2qT5iPQ 

    10:14 AM - 8 May 2017
    • 106 Retweets
    • 125 Likes
    • Andrew Donnantuono Lizza D-Pendley Doug Maier Amplification Only Chris Laprise Silenced Since 2007 Bad Grime at the El Raton pirita mpatman
    15 replies 106 retweets 125 likes
      1. Dr Liam Wagner‏ @Liam_Wagner 9 May 2017
        Replying to @WSJ @natecochrane

        I do believe the term is tacit collusion #energy #oil

        0 replies 0 retweets 3 likes
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      1. Dr. SHOAIB PARVEZ‏ @SHOAIBPARVEZ66 8 May 2017
        Replying to @WSJ

        in this era everything is #compromised

        0 replies 0 retweets 2 likes
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      1. Martin Spencer, MBA‏ @GrandpaRobot 10 May 2017
        Replying to @WSJ @FrankPasquale

        Exc eg of deliberately crafted, #AI Savants to fleece the consumer. Been followed online by ads from your wife's shopping online? Annoyed?

        0 replies 0 retweets 1 like
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      1. Thomas G. Dietterich‏ @tdietterich 9 May 2017
        Replying to @WSJ @rcalo

        Several apps make it easy to find the cheapest gas near you. Let's see how this algorithmic arms race unfolds

        0 replies 0 retweets 1 like
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      1. Tzvika Barenholz‏ @Barenholz 8 May 2017
        Replying to @WSJ @mims

        flawed logic hear. competition does of course lower prices. algorithmic pricing has nothing to do with competition. it's just technique.

        0 replies 0 retweets 1 like
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      1. Evil Donnina (according to POTUS)‏ @PiccolaDonnina 8 May 2017
        Replying to @WSJ @mims

        Gasoline is the text-book example of an inelastic good, i.e. one whose demand is not very sensitive to price. Similar to medial care BTW.

        0 replies 1 retweet 0 likes
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      1. New conversation
      2. Lilian Edwards‏ @lilianedwards 11 May 2017
        Replying to @WSJ

        @tnhh here's one reason to dislike price discrimination

        1 reply 0 retweets 0 likes
      3. Tristan Henderson‏ @tnhh 12 May 2017
        Replying to @lilianedwards

        you won't be saying that when the next edition of your book sells for a gazillion quid http://www.michaeleisen.org/blog/?p=358 

        1 reply 0 retweets 0 likes
      4. Lilian Edwards‏ @lilianedwards 12 May 2017
        Replying to @tnhh

        So true. My law and Internet bk already on Amazon for £1000 plus

        0 replies 0 retweets 0 likes
      5. End of conversation
      1. Miguel Bento‏ @theporra 9 May 2017
        Replying to @WSJ

        The machines are creating a global crisis, then they'll bail us out, making millions 💰💰#masterplan 😜😂

        0 replies 0 retweets 0 likes
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      1. Junto Jameson‏ @JamesonJunto 8 May 2017
        Replying to @WSJ

        "This is not a matter of stealing more money from your customer." Textbook price discrimination, trading consumer gains for producer gains.

        0 replies 0 retweets 0 likes
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      1. Deena‏ @deena_stephens 8 May 2017
        Replying to @WSJ

        I've often wondered the same myself and it's not like one could drive further to find optimal pricing if collusion is occurring besides AI

        0 replies 0 retweets 0 likes
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      1. Alonymous‏ @Alonymous2 8 May 2017
        Replying to @WSJ

        We should learn Moore maths.

        0 replies 0 retweets 0 likes
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      1. Rand Cooley‏ @randcool 8 May 2017
        Replying to @WSJ

        gas station in my town charges as much as .40gal more & folks go anyway lots of other options incl costco which is .60-.70 cheaper

        0 replies 0 retweets 0 likes
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