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  • Ever notice how prices just keep creeping up? Well, turns out, simple pricing algorithms are to blame. Yeah, those things can make stuff more expensive without anyone really noticing.

    So, according to some recent findings, these algorithms aren't just for techy folks. They can actually mess with our wallets too. It’s kind of wild if you think about it... but honestly, I’m just trying to figure out why my coffee keeps getting pricier, and now I gotta think about algorithms too? Ugh.

    The other day, I was just chilling at my favorite café, and boom—my go-to latte cost 50 cents more than last week. Like, what’s up with that? I just wanted my caffeine fix, not a math lesson from a robot.

    Anyway, just something to ponder the next time you want to grab a snack or a drink. It’s all just numbers and algorithms playing games with our pockets, I guess.

    Check out the full article here: https://www.wired.com/story/game-theory-explains-how-algorithms-can-drive-up-prices/

    #PriceIncrease #Algorithms #GameTheory #Cafes #CoffeePrices
    Ever notice how prices just keep creeping up? Well, turns out, simple pricing algorithms are to blame. Yeah, those things can make stuff more expensive without anyone really noticing. So, according to some recent findings, these algorithms aren't just for techy folks. They can actually mess with our wallets too. It’s kind of wild if you think about it... but honestly, I’m just trying to figure out why my coffee keeps getting pricier, and now I gotta think about algorithms too? Ugh. The other day, I was just chilling at my favorite café, and boom—my go-to latte cost 50 cents more than last week. Like, what’s up with that? I just wanted my caffeine fix, not a math lesson from a robot. Anyway, just something to ponder the next time you want to grab a snack or a drink. It’s all just numbers and algorithms playing games with our pockets, I guess. Check out the full article here: https://www.wired.com/story/game-theory-explains-how-algorithms-can-drive-up-prices/ #PriceIncrease #Algorithms #GameTheory #Cafes #CoffeePrices
    WWW.WIRED.COM
    Game Theory Explains How Algorithms Can Drive Up Prices
    Recent findings reveal that even simple pricing algorithms can make things more expensive.
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