Discussion
That way my TL would not get that "overrun with replies" look if I followed you. (I used to follow you...)
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As my bio notes, 'I post long threads.'
Mastodon has remained assiduously non-algorithmic in its TL presentation. So in rejecting complex, blackbox algorithms it also rejects ones that could be less than 4 lines of open code yet very beneficial to the users' pursuit of "effective communication" to use Eugen's term.
The (old) American tradition (which is also a legal one versus more powerful near-monopoly firms) of public pricing for all customers is a boon to market efficiency!
Amazon has been doing this for a while. Last year me and my two sisters decided we would buy mom one of those hard hearing land line phones. I found on on amazon, then pointed each of my two sisters at it. We got three different prices!
My eldest sister had the cheapest quote so she ordered it.
“We've never tested and we never will test prices based on customer demographics,” said Amazon.com founder and CEO Jeff Bezos.
(After testing randomly varying prices on customers)
https://press.aboutamazon.com/2000/9/amazon-com-issues-statement-regarding-random-price-testing
Except, let's face it: the rich generally DO pay more, for better quality. (See the 'Sam Vines Boots Theory of Socioeconomic Unfairness'.)
But there are a lot of people who do not properly differentiate between 'price' and 'value'.
What this is really about is soaking everyone, poor or not, for the most you can get from them at that particular moment. Sure, desperation is one factor, but I'm sure so is the fact you got paid today and feel temporarily rich.
with the "first rule of business" typically being a variation of "never leave money on the table" means any seller will try to maximize profits, regardless of who they're selling to, or at what price point.
there are are also pricing strategies to drive consumers to "pick" a desired option. eg 3 similar things for sale: one cheap in all regards, one overpriced, and one "Goldilocks" in between option that has the best profit margin of them all.
@bodhipaksa@mastodon.scot @pluralistic@mamot.fr @EndicottAuthor@mastodon.social
Soon as they figure out how they can do it they will! #he #hospital #room, #for #now.
That's not how economists see it, of course. When a hotel sells you a room for $50 that someone else might get charged $500 for, that's efficient, provided that the hotelier is sure no $500 customers are likely to show up after you check in. The empty room makes them nothing, and $50 is more than nothing.
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Schroedinger’s Asshole
There's a kind of metaphysics at work here, in which the room that is for sale at $500 is "a hotel room you book two weeks in advance and are sure will be waiting for you when you check in" while the $50 room is "a hotel room you can only get at the last minute, and if it's not available, you're sleeping in a chair at the Greyhound station."
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But what if you show up at the hotel at 9pm and the hotelier can ask a credit bureau how much you can afford to pay for the room? What if they can find out that you're in chemotherapy, so you don't have the stamina to shop around for a cheaper room? What if they can tell that you have a 5AM flight and need to get to bed right now?
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What if they charge you more because they can see that your kids are exhausted and cranky and the hotel infers that you'll pay more to get the kids tucked into bed? What if they charge you more because there's a wildfire and there are plenty of other people who want the room?
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The metaphysics of "room you booked two weeks ago" as a different product from "room you're trying to book right now" break down pretty quickly once you factor in the ability of sellers to figure out how desperate you are - or merely how distracted you are - and charge accordingly.
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"Surveillance pricing" is the practice of spying on you to figure out how much you're willing to spend - because you're wealthy, because you're desperate, because you're distracted, because it's payday - and charging you more:
https://pluralistic.net/2024/06/05/your-price-named/#privacy-first-again
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A space for Bonfire maintainers and contributors to communicate