According to phys.org:
That's the practice of using algorithms to automatically adjust the price of goods or services based on factors such as demand, competitor pricing, inventory levels, or data about the customer.
While such pricing practices can squeeze out extra profit, they can also carry a marketing risk if not carefully implemented, according to Gizem Yalcin Williams, assistant professor of marketing at Texas McCombs. In 2012, Uber was widely criticized for raising ride prices during Hurricane Sandy. More recently, customers have expressed outrage over concert ticket surge pricing.
According to fool49:
Airlines have used dynamic pricing strategies for the longest time. I think as long as businesses are transparent about their dynamic pricing, allowing price sensitive consumers to take advantage of the system, there should be no problem. But dynamic pricing during emergencies and with shortage of essential goods and services can be problematic.
Reference: https://phys.org/news/2025-08-dynamic-pricing-optimize-profits-alienate.html
What is your opinion of dynamic pricing?
byu/fool49 ineconomy
Posted by fool49
2 Comments
It’s annoying as shit. But it does not matter. Just don’t buy if you don’t like the price.
It’s designed to make products more expensive for more desperate people. The single mom doesn’t have time to shop around so stores want to raise prices in the after work hours, when more single moms are shopping. Wealthy boomer retirees have tons of time, so they’ll lower prices during the day when they shop.