RE: Dynamic Pricing: Using AI To Manipulate The Customer
Oh man, I totally see this on a daily basis. For me, I always just look at the raw $x per oz/lb when comparing two products or similar products, as well as quality. A lot of the time I will look at that first before I ever look at the "price". Also being in the service industry, if I have a customer who I have had good experience with, I am WAY more inclined to give a discount, just for being cool.
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LOL, I definitely look at price per unit on different products to get the best prices on stuff I have to buy. Giving customers discounts because they are cool is also a good example of dynamic pricing and is a good way to practice it. Too bad AI doesn't look for cool people, they look to maximize profits. I wonder though if maximizing the customer experience would be better long-term.
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