1025 SURVEILLANCE PRICING: THE FUTURE OF COMMERCE?

thinkfuture: technology, philosophy and the future

Be A Better YOU with AI: Join The Community: https://10xyou.us Get AIDAILY every weekday. Subscribe at https://aidaily.us Read more here: https://thinkfuture.com --- In this episode, the host dives deep into the concept of "surveillance pricing," an evolution of revenue management techniques used by airlines and hotels. Originally pioneered by companies like British Airways, revenue management involves dynamically adjusting prices for flights and hotel rooms based on various factors like demand, seasonality, and competitor pricing. Now, with advances in technology, surveillance pricing takes this idea a step further by using personal data to set individualized prices. The host explains how retailers could use surveillance techniques, such as identifying customers through cameras or data from past purchases, to tailor prices based on what they think each individual can afford. While this could offer discounts to those who need them, it also raises ethical concerns around potential discrimination and exploitation. The host likens this practice to Amazon's current pricing strategies, where product prices fluctuate based on browsing habits. The episode ends by questioning the implications of this technology for consumers and hinting at possible regulatory responses.

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