Game Theory Explains How Algorithms Can Drive Up Prices
NegativeArtificial Intelligence

- Recent findings indicate that even basic pricing algorithms can lead to increased costs for consumers. This phenomenon is explained through the lens of game theory, which illustrates how these algorithms interact in competitive markets.
- The implications of this development are significant, as it raises concerns about the fairness of pricing strategies employed by companies. Understanding how algorithms can manipulate prices may prompt regulatory scrutiny and influence consumer behavior in the marketplace.
— via World Pulse Now AI Editorial System



