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in this era everything is
#compromisedThanks. Twitter will use this to make your timeline better. UndoUndo
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Exc eg of deliberately crafted,
#AI Savants to fleece the consumer. Been followed online by ads from your wife's shopping online? Annoyed?Thanks. Twitter will use this to make your timeline better. UndoUndo
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Several apps make it easy to find the cheapest gas near you. Let's see how this algorithmic arms race unfolds
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flawed logic hear. competition does of course lower prices. algorithmic pricing has nothing to do with competition. it's just technique.
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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.
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@tnhh here's one reason to dislike price discrimination -
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
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So true. My law and Internet bk already on Amazon for £1000 plus
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The machines are creating a global crisis, then they'll bail us out, making millions


#masterplan
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"This is not a matter of stealing more money from your customer." Textbook price discrimination, trading consumer gains for producer gains.
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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
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We should learn Moore maths.
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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
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