Sanity in pricing
2011-04-24 17:06:25.386947+02 by Dan Lyke 0 comments
Amazon’s $23,698,655.93 book about flies. Guy discovers used book sellers on Amazon using competing algorithms to do pricing. One is trying to price just below the high seller, the other is pricing as though they'd buy from the first and mark it up. Hilarity ensues.
Via MeFi, where comparisons to automated financial instrument trading is made.