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Surveillance Pricing: Exploiting Information Asymmetries

https://lpeproject.org/blog/surveillance-pricing-exploiting-information-asymmetries/
34•cainxinth•2h ago

Comments

NDlurker•1h ago
This is really making me consider going back to all cash and local purchases. Maybe prepaid debit cards and a PO box for when I need to order something online.
2ndorderthought•23m ago
It's more important now than ever to spend an extra 2 dollars shopping locally. Your neighbors will appreciate it. Bezos will build another rocket and cut more jobs.
bestouff•1h ago
This can't happen in EU. Thanks again.
inetknght•53m ago
"Can't"?
neeeeeeal•59m ago
Based on the title, I assumed this would be about how the consumer could grasp and then counter-utilize the pricing differences these algorithms produce.

For example, understanding that you are being “targeted” by these algorithm for premium extraction and taking measures such as spinning up VPNs, clearing cache/history, etc to save the consumer from overpaying.

Seems like a good market for such a product would exist…

secretsatan•18m ago
I’m not sure that’ll help at the supermarket
2009mobile•47m ago
The article describes Uber's surge pricing as a form of surveillance pricing, but this is misleading. The primary purpose of surge pricing isn't to maximize profit, it's to increase supply. Dynamic pricing in a 2-sided network is different than in retailing.
esseph•17m ago
> The primary purpose of surge pricing isn't to maximize profit, it's to increase supply.

Hm. This doesn't pass the sniff test for me.

If say 500 people take an Uber to a venue or need an Uber from the airport, increasing the price more often than not is just going to increase revenue. The price increase doesn't force you into an alternative choice if there are no alternatives.

Many places don't have substantial taxi or similar services, and public transit doesn't meet that same need with people in suburbs / ex-urbs / rural.

cowpig•8m ago
Can you explain why they are mutually exclusive?
dghlsakjg•51s ago
It isn’t just to increase supply, it also reduces demand. It’s a mechanism for finding a new market clearing price… that necessarily maximizes profit

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https://lpeproject.org/blog/surveillance-pricing-exploiting-information-asymmetries/
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