Enterprise Explores

Is Online Really Cheaper Than Offline?


Listen Later

Chances are, your online shopping experience have been dictated by an algorithm. But is online really cheaper than offline? Researches at the University of Bologna in Italy created two simple reinforcement-learning-based pricing algorithms and set them loose in a controlled environment to learn their behaviour. To their surprise, the prices of goods started to go higher when they learnt how to collude.

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

Enterprise ExploresBy BFM Media


More shows like Enterprise Explores

View all
Ringgit and Sense by BFM Media

Ringgit and Sense

1 Listeners

Market Watch by BFM Media

Market Watch

3 Listeners

Morning Brief by BFM Media

Morning Brief

2 Listeners