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When algorithms decide how much we have to pay - Economic Scenarios
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When algorithms decide how much we have to pay - Economic Scenarios
We live in an age where algorithms are no longer simple technological tools but true invisible regulators of economic life. They don't just sort information or suggest online content: they increasingly determine how much we pay for essential services in our daily lives. This is the case of so-called dynamic pricing, a system of dynamic pricing that uses algorithmic models to match supply, demand, availability, and numerous other variables in rea…
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