Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette
ysabetwordsmith

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Spiral Pricing

Here is an amusing example of what can happen when humans program computers to set pricing, forget to install limits, and don't have someone regularly keeping an eye on the results.

Tags: cyberspace theory, economics, news, reading
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  • 6 comments
Although I didn't find anything in the millions,
while trying to calculate a reasonable asking price
for Flatwater Press classics,
I've consistently run across paperbacks selling for hundreds of dollars.
Well, that explains some of the weird pricing I've seen now and then. *chuckle*
BTW, I never imagined that fruit flies would ever be reintroduced to my awareness in such a fashion. *shivers at memories of the many hours spent sorting fruit flies in first year bio*
My brain is broken...
Computer: a device for making the same mistake thousands of times per second.