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

Enlarge this image

Price fluctuations as a result of algorithms have been found to increase feelings of customer betrayal. Steven Puetzer/Getty Images

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

→ Continue reading at NPR - Technology

More from author

Related posts

Advertisment

Latest posts

4 Easy Ways to Make More Money By Training Your Brain

Can you train your brain to make more money?Mental rehearsal is a powerful psychological technique that's used by athletes, billionaires, and entrepreneurs to achieve...

US judge approves Deutsche Bank $75 million settlement with Epstein accusers | CNN Business

Deutsche Bank on Friday won final approval from a US judge for a $75 million settlement it reached with victims of Jeffrey Epstein...

Every Business Owner Needs an Exit Plan — It’s Time You Develop Yours.

Opinions expressed by Entrepreneur contributors are their own. Have you considered how your successful business venture will end?It might seem counterintuitive, but...