Dynamic pricing: economic efficiency, or subtle price gouging? | FT Tech
Powered by algorithms and artificial intelligence, dynamic, or surge pricing is now being used across a growing number of consumer industries, from restaurants to rock concerts. But controversies such as the skyrocketing ticket prices for the upcoming Oasis tour and concerns over price gouging means dynamic pricing is coming under increased scrutiny.
#pricegouging #ethics #pricing
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3 comments
But the objective is to increase profits, lying about that is just pathetic. Until there is legislation for that, people will need to try to choose a seller that doens't do this or do it less often.
The Cluetrain Manifesto #1 Markets are conversations. AI but not human.
Profiteering!!!