ScienceHow even simple pricing algorithms can drive up prices
Quanta Magazine reports that computer scientists have discovered an unexpected way pricing algorithms can make things more expensive.
TLDR
Learning algorithms set prices for everything from Uber rides to airline tickets, Quanta Magazine reports. The publication describes findings that even simple pricing algorithms can push prices higher.
How even simple pricing algorithms can drive up prices
Quanta Magazine reports that computer scientists have discovered an unexpected way pricing algorithms can make things more expensive.
TLDR
Learning algorithms set prices for everything from Uber rides to airline tickets, Quanta Magazine reports. The publication describes findings that even simple pricing algorithms can push prices higher.