Webmaster rambling and mental notes
Amazon Automatic Pricing Lists Book At $23M
4/26/2011

Leek writes "An Amazon.com pricing algorithm which lets sellers set prices based on other sellers' prices led to a thetical comment loop, causing the biology text The Making of A Fly to reach $23M. zoologist
notes:a naturalist is someone who believes in the doctrine that the world can be understood in scientific terms or someone wise




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about natural history Micheal Eisen writes: 'What's fascinating about all this is both the superficially endless possibilities for both chaos and mischief. It seems impossible that we stumbled onto the only example of this kind of upward pricing spiral. And as soon as it was clear what was going on here, I and the people I talked to about this couldn't help but start headwork about ways to exploit our ability to predict how others would price their books down to the 5th meaning digit -- especially when they were clearly not paying careful study




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increase concentrationlab proven to enhance memory to what their algorithms were doing.' The price of the book was reset but is currently back up to $976.98."



Read more of this story at Slashdot.




More: - Continued here

Mark

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