|
| ▲ | Sohcahtoa82 15 hours ago | parent | next [-] |
| I find this attitude absolutely appalling. Yeah, I suppose it's great if you're the business owner. But now put yourself in the shoes of the customer. It's just extracting more money from the working class to the owning class. It's another way for the rich to get richer at the cost of everyone below. |
| |
| ▲ | sethops1 15 hours ago | parent [-] | | It works in both directions. Tickets that were priced too high come down in price to find demand. The idea that a business should set inefficient prices for the good of society or something is complete nonsense. | | |
| ▲ | everforward 12 hours ago | parent | next [-] | | Not if they were previously priced efficiently, as in cost plus a reasonable margin. No one will pay less because that would be at or below cost, but now some will pay more. | |
| ▲ | 5 hours ago | parent | prev | next [-] | | [deleted] | |
| ▲ | JohnFen 12 hours ago | parent | prev [-] | | It never works in both directions, at least not often enough to matter. The ratchet is always upwards. |
|
|
|
| ▲ | JohnFen 12 hours ago | parent | prev | next [-] |
| I disagree. It's a good thing if you're the company doing the price discrimination because it lets you screw your customers for every possible dime. It's a bad and unfair thing if you're the customer. |
|
| ▲ | roywiggins 15 hours ago | parent | prev | next [-] |
| suppose the AI knows that my grandmother just died so I'm less price sensitive than usual- does that seem like a benefit to anyone other than, perhaps, the airline's profit margin? |
| |
| ▲ | lotsofpulp 13 hours ago | parent [-] | | Analyzing any single transaction, it seems trivial that what benefits a seller (lower price) hurts a buyer and vice versa. | | |
| ▲ | lores 10 hours ago | parent [-] | | Life isn't a zero-sum game, and individually profit-maximising actions may not be in even the profit maximiser's interest long-term, let alone society's. In the European Antiquity and Middle-Ages, at least, there were laws against merchants taking too much profit. It didn't matter if a high price optimised the allocation of a resource - the gouging was seen as more deleterious to society than the inefficiency, and malefactors were punished harshly, with heavy fines or even exile or death. I feel like we're due for a medieval revival. |
|
|
|
| ▲ | toss1 10 hours ago | parent | prev [-] |
| NO This is not "price discovery working efficiently" in arm's length transactions among two equal trading partners. This is MAXIMUM_VALUE_EXTRACTION working efficiently between one player with all the power and information and another player with none of the power and information. This is nothing more than a scheme to figure out what is the maximum amount of money they can extract for the transaction, for every single party. And, as pointed out in the article, the poor will get shafted even harder because they have fewer options, whereas the wealthy cardholders (who least need the deals) will get better deals because they have many options. How is it that you are unable to see this is a scheme to screw everyone, and you in particular (for all possible values of you)? |
