Online pricing algorithms are gaming the system, and could mean you pay more

Posted on AllSides July 25th, 2022
From The Left
Steven Puetzer/Getty Images

If you've shopped online recently, you may have had this experience: You find an item, add it to your cart, and then when you get around to paying, the price has increased.

You can thank pricing algorithms.

These are computer programs that look at factors such as supply, demand and the prices competitors are charging, and then adjust the price in real time. Now, there are calls for greater regulation at a time when these tactics are expected to become more common.

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https://www.npr.org/2022/07/25/1113004433/online-shopping-deals-algorithm-pricing-regulation

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