ooli3@sopuli.xyz to Science@beehaw.org · 8 days agoGame Theory Explains How Algorithms Can Drive Up Priceswww.wired.comexternal-linkmessage-square5linkfedilinkarrow-up132arrow-down10
arrow-up132arrow-down1external-linkGame Theory Explains How Algorithms Can Drive Up Priceswww.wired.comooli3@sopuli.xyz to Science@beehaw.org · 8 days agomessage-square5linkfedilink
minus-squareB0rax@feddit.orglinkfedilinkarrow-up2·7 days agoWhat? Profit does not come from thin air?
minus-squareManjushri@piefed.sociallinkfedilinkEnglisharrow-up2·7 days 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.