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Re: Need a good laugh?
Posted: Tue Sep 14, 2010 1:24 pm
by Solomon
Hahaha, that's hilarious!...
*removes from cart*
Re: Need a good laugh?
Posted: Fri Nov 12, 2010 11:26 am
by balmung
Re: Need a good laugh?
Posted: Sun Apr 24, 2011 5:16 pm
by Mef
I know the thread is a little old, but I found a link to a blog posting yesterday that made me think of this thread. I figured I'd post it for those who might be interested:
http://www.michaeleisen.org/blog/?p=358 . It outlines in detail basically what kirk has already mentioned.
The long and short of it -- 2 large sellers use algorithmic pricing to set their price relative to the other's price. If the algorithms interact in a funny way it can spiral out of control (example in the blog -- Seller B sets their price to .998 * Seller A's price, Seller A resets their price to 1.27*Seller B)
Re: Need a good laugh?
Posted: Sun Apr 24, 2011 6:08 pm
by hyperpape
I saw that article and thought "I really ought to post this for Joaz to see." Hope he reads this thread.
Re: Need a good laugh?
Posted: Sun Apr 24, 2011 7:18 pm
by Joaz Banbeck
hyperpape wrote:I saw that article and thought "I really ought to post this for Joaz to see." Hope he reads this thread.
I did. Thanks.