Algorithms at Amazon, or, Why That Used Book You Wanted Costs a Million Bucks
Or $23 million, if you’re really unlucky. Read Michael Eisen’s fascinating exploration of algorithmic pricing among used booksellers at the online giant, and indeed within Amazon’s own pricing mechanisms. I have to say that I too have wondered why some books are priced at utterly absurd levels that clearly nobody will ever pay. And now I know.