From the article
used mathematics and game theory to model
This is a theory paper, not a study on the ground. It’s a reason to give honest pricing, but not new hard data on the practice. It also requires some (nontrivial, non obvious) assumptions about the kind of market. It really doesn’t seem to me that the assumptions hold for, eg, air travel.
I do hope the theory is correct irl; personalized pricing is gross.
I’ve lost track of how many times I’ve walked away from some online product or service that I was interested in but refused to publicly disclose prices beyond, “FrEe TrIaL!”
Nah thanks. If you’re playing mind games like that right off the bat, that tells me everything I need to know about the experience of using the product.
Same here. If a company isn’t upfront about its pricing, all it gets is my suspicion but none of my money. Bye Felicia!
Bye Felicia
Now there’s something I haven’t heard in a while! Thanks for the blast from the past lol
Lol! I did feel old typing it out and took a moment to appreciate the quick passage of time… but only for a split second.
Oh come one it can’t be that long ago.
Oh… Friday came out in 1995. 30 years ago.
Damn ok.
Gee, I would never have thought telling people you called them less and then make them pay more for the same things would upset them.
Makes me wonder if I can start a company buying things online for other people, charging a small fee… find the requirements to get the lowest prices etc
Then you can misrepresent the actual cost and skim/steal billions!
I used to buy plane tickets on a VPN with an exit node in Southeast Asia. Cross country USA for $95
We should start a business lol.
Lowest price is the one thing your business plan cannot do. Finding the best value, or bse quality would be useful businesses. Dollar store and walmart already have the lowest price locked up, you need a eifferent niche.
all retail is about buying thing for someone else at the bottom.
