@rajistics: The skit explains a dynamic pricing strategy that uses machine learning to adjust prices based on what customers are willing to pay, rather than actual costs. Data from demographics, psychographics, and mobile behavior are collected via the company’s app to personalize pricing. Multi-armed bandit experiments and real-time adjustments help optimize prices across different customer segments and conditions. This approach aims to maximize revenue but raises ethical concerns around fairness and data privacy.

Rajiv Shah | data science & AI
Rajiv Shah | data science & AI
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Region: US
Saturday 19 July 2025 13:24:24 GMT
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plushramen
Josh (he/him) :
It’s a fun project to implement. From the consumer side, I’m glad I have no incentive to be loyal to Delta Airlines. All things equal, I’ll try to book different carriers.
2025-07-19 14:20:42
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yorailevi
Yorai Levi :
ikea makes a discount on umbrellas on rainy days :(
2025-07-19 14:51:41
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tikitikitocky
Mark Cuckerberg :
Maybe if I learn data science Incan find my McDowell’s Queen to be
2025-07-23 13:55:40
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ovrwrite
Ovrwrite :
Yeah, the moment I see pricing on a product or service becoming too inconsistent, I will switch and never look back
2025-07-22 15:27:41
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