Researchers peer into the black box of airline pricing and find some surprises
Researchers peer into the black box of airline pricing and find some surprises
phys.org
Researchers peer into the black box of airline pricing and find some surprises
5 comments
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Airlines are basically using the psychology of selling to get the most revenue they can. They have a lot more historical data and are willing to experiment with how humans buy tickets to extract the most $. A lot more industries are using this tactic than you realize.
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My read of this is mostly that airlines don't engage in price fixing and collusion - or more specifically their algorithms are designed so they don't (directly) create this outcome.
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When there are industry standard approaches creating that algorithm, the collusion is absolutely there. It's just one step removed from being obvious.
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That's a lot of words just to say it's a stupidass clusterfuck.
Its easier to just walk through security and pretend to be a TSA agent.