ooli3@sopuli.xyz to Science@beehaw.org · 4 months agoGame Theory Explains How Algorithms Can Drive Up Priceswww.wired.comexternal-linkmessage-square5fedilinkarrow-up132arrow-down10
arrow-up132arrow-down1external-linkGame Theory Explains How Algorithms Can Drive Up Priceswww.wired.comooli3@sopuli.xyz to Science@beehaw.org · 4 months agomessage-square5fedilink
minus-squareB0rax@feddit.orglinkfedilinkarrow-up2·4 months agoWhat? Profit does not come from thin air?
minus-squareManjushri@piefed.sociallinkfedilinkEnglisharrow-up2·4 months agoRight. Profit comes out of the pockets of the buyers. Any system that is optimized to maximize profit is by definition optimized for bad outcomes for the buyers.
What? Profit does not come from thin air?
Right. Profit comes out of the pockets of the buyers. Any system that is optimized to maximize profit is by definition optimized for bad outcomes for the buyers.