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Could sophisticated AI software quickly determine the maximum you would pay for any item, and charge you accordingly?

Surge Pricing in the Age of AI: Fairness or Exploitation?

Some people fear that one of the many changes coming with AI is rampant price discrimination, where algorithms analyze each consumer and charge him or her the maximum price that he or she would be willing to pay. What could happen to society?...
4 min read
Managing the economy

AS_answer

Saddique Ansari • February 04, 2019 • 1 min read

Author bio

PRICE
LEVEL
CONSUMER
GOODS
CAPITAL
GOODS
PUBLIC
GOODS
GOODS
FOR EXPORT
AS
200 502 70 50 78 700
180 500 70 50 80 700
160 498 70 50 82 700
140 479 67 50 84 680
120 460 65 50 86 660
100 412 50 50 88 600
80 0 0 10 90 100

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A sign signaling the pick-up location for ride share drivers, who are a major component of the gig economy.

The Gig Worker’s Dilemma: Flexibility vs. Stability

Many people find the idea of working whatever hours they choose to be appealing. Essentially, they get to be their own boss! However, unwary workers may quickly discover some disadvantages of being part of the gig economy. Why might they struggle?...
5 min read

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