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TIL that uncontrolled dynamic pricing once valued a book 23 million dollars (+ 3.99 shipping)
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mustbe3to20signs feddit.org mustbe3to20signs@feddit.org
Joined: 2024-06-23
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152   Original
drolex sopuli.xyz drolex@sopuli.xyz
Joined: 2023-06-13
#2 · Quote Reply

$3.99 shipping??? I was going to buy it but fuck that.

63
Rhaedas fedia.io Rhaedas@fedia.io
Joined: 2024-03-03
#3 · Quote Reply

$3.99 shipping??? I was going to buy it but fuck that.

If you just put something else in the cart to bump it to 24 million, you would get free shipping.

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Steve communick.news Steve@communick.news
Joined: 2023-08-05
#4 · Quote Reply

Now I'm wondering if it ever took a price negative.

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einkorn feddit.org einkorn@feddit.org
Joined: 2024-06-21
#5 · Quote Reply

Now I'm wondering if it ever took a price negative.

Claude certainly did give stuff away for free.

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Steve communick.news Steve@communick.news
Joined: 2023-08-05
#6 · Quote Reply

Claude certainly did give stuff away for free.

But what about below free? Paying someone to take something.

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Bgugi lemmy.world Bgugi@lemmy.world
Joined: 2023-07-16
#7 · Quote Reply

But what about below free? Paying someone to take something.

This happens sometimes in markets where production outstrips demand, but production is inflexible to slow down. Notable examples in the US are electricity prices that will sometimes spike negative during peak renewable generation, or crude oil right at the start of COVID lock downs.

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Steve communick.news Steve@communick.news
Joined: 2023-08-05
#8 · (edited) Quote Reply

This happens sometimes in markets where production outstrips demand, but production is inflexible to slow down. Notable examples in the US are electricity prices that will sometimes spike negative during peak renewable generation, or crude oil right at the start of COVID lock downs.

I understand it can happen when market conditions require it. Like disposing of trash.

I'm specifically asking if an unconstrained pricing AI has ever assigned a negative price to a product of value.

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HonoraryMancunian lemmy.world HonoraryMancunian@lemmy.world
Joined: 2023-06-27
#9 · Quote Reply

https://m.youtube.com/watch?v=sseSi0k3Ecg&pp=0gcJCWQCo7VqN5tD

Stand-up Maths did a video on it

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mustbe3to20signs feddit.org mustbe3to20signs@feddit.org
Joined: 2024-06-23
#10 · (edited) Quote Reply

Now I'm wondering if it ever took a price negative.

I don't think that's possible on Amazon but it seems unplausibel to me even without such guardrails. Two algorithms trying to outbidding each other would only lead to prices closer to zero like $ 0.001 and so on. No way to get into negatives with instructions like lowest price x 0.998.

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