Amazon algorithms price bio book at over $23m
An algorithmically induced pricing spiral drove up the price for a popular biology reference work on Amazon.com to an astronomical $23.7m.
Amazon allows third-party retailers to set their prices using algorithms that take into account what other booksellers are charging for the same title. In this case, the title was The Making of a Fly by Peter Lawrence, and the Amazonian booksellers whose pricing algorithms drove its price to ludicrous levels were bordeebook and profnath.
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