In Machines We Trust: How pricing algorithms learn to collude (Update)
MIT Technology Review Narrated
00:00
How Do Pricing Algorithms Collude?
Researchers in Italy have already found evidence of that happening in a simulated environment. He says these self-learning algorithms behave in a way that mirrors human cartels. There are found to be prices that were routinely well above competitive prices, sometimes quite close to monopoly prices.
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