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Computer scientists at the University of Pennsylvania have proved that pricing algorithms can drive up prices even when they lack the capacity to collude. Aaron Roth and four colleagues studied so-called no-swap-regret algorithms, which are designed to minimize losses and were previously thought to guarantee competitive pricing. The researchers found that when such an algorithm faces an opponent using a nonresponsive strategy — one that randomly selects from predetermined…
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Computer scientists at the University of Pennsylvania have proved that pricing algorithms can drive up prices even when they lack the capacity to collude. Aaron Roth and four colleagues studied so-called no-swap-regret algorithms, which are designed to minimize losses and were previously thought to guarantee competitive pricing. The researchers found that when such an algorithm faces an opponent using a nonresponsive strategy — one that randomly selects from predetermined…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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