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Google Patents Profit-Maximizing Dynamic Pricing
theodp writes "A newly-granted Google patent on Dynamic Pricing of Electronic Content describes how information gleaned from your search history and social networking activity can be used against you by providing tell-tale clues for your propensity to pay jacked-up prices to 'reconsume' electronic content, such as 'watching a video recording, reading an electronic book, playing a game, or listening to an audio recording.' The patent is illustrated with drawings showing how some individuals can be convinced to pay 4x what others will be charged for the same item. From the patent: 'According to one innovative aspect of the subject matter described by this specification, a system may use this information to tailor the price that is offered to the particular user to repurchase the particular item of electronic content. By not applying discounts for users that may, in relation to a typical user, be more inclined to repurchase a particular product, profits may increase.' Hey, wasn't this kind of dynamic pricing once considered evil?"
Don't be mumble mumble.
-- Two men say they're Jesus. One of them must be wrong. - Dire Straits
'watching a video recording, reading an electronic book, playing a game, or listening to an audio recording.'
People pay to do these things? Who knew?
Google, you've changed.
They have? You know something we don't?
I've changed, too. I'm applying for a patent on Unpredictable Weasel with my chaotic buying habits. I'm certain to cause a divide by 0 at some point in their algorithm. You'll know it happens when their main site goes down.
A feeling of having made the same mistake before: Deja Foobar
>>>some of the more unscrupulous and technically-minded people out there will quickly learn how to game the system.
I acquired a then-new Final Fantasy with $40 "new customer" discount and sold it for $54.50 on ebay. Bought a new gamecube for $49, got the Zelda Collection for free, sold it for $60.
I setup five accounts with Pizza Hut in order to get a 5 free medium pizza for newbs. And three accounts to get "20% welcome discount" from an online hobby store. In other words YES you are correct.
My AC stalker: " I personally agree with your posts most of the time, but that won't keep me from modding you troll"
Now there are some fan groups (not mentioning any names here), whose members would probably respond to this kind of abuse with a smile an a "Thank you sir, may I have another?!?"
Can the members of these unnamed fan groups please line up in front of Apple stores on September 12th for identification. Thanks!
Negative moral value of force outweighs the positive value of good intentions.
No, their slogan is "Don't, be evil". I thought everyone knew that by now.
Socialism: a lie told by totalitarians and believed by fools.