20250812 | Rotman School of Management | University of Toronto
www.rotman.utoronto.ca
  • Null User Object@lemmy.worldEnglish
    93·
    2 days ago

    I’ve lost track of how many times I’ve walked away from some online product or service that I was interested in but refused to publicly disclose prices beyond, “FrEe TrIaL!”

    Nah thanks. If you’re playing mind games like that right off the bat, that tells me everything I need to know about the experience of using the product.

    • Lemminary@lemmy.worldEnglish
      20·
      2 days ago

      Same here. If a company isn’t upfront about its pricing, all it gets is my suspicion but none of my money. Bye Felicia!

        • Lemminary@lemmy.worldEnglish
          3·
          2 days ago

          Lol! I did feel old typing it out and took a moment to appreciate the quick passage of time… but only for a split second.

  • Artisian@lemmy.worldEnglish
    25·
    2 days ago

    From the article

    used mathematics and game theory to model

    This is a theory paper, not a study on the ground. It’s a reason to give honest pricing, but not new hard data on the practice. It also requires some (nontrivial, non obvious) assumptions about the kind of market. It really doesn’t seem to me that the assumptions hold for, eg, air travel.

    I do hope the theory is correct irl; personalized pricing is gross.

    • iopq@lemmy.worldEnglish
      2·
      1 day ago

      But if you just market it as an airline rewards program people would love it. The cheaper the flight, the more miles you get per dollar. That’s basically letting the cheapest people get the most rewards

  • panda_abyss@lemmy.caEnglish
    37·
    2 days ago

    Gee, I would never have thought telling people you called them less and then make them pay more for the same things would upset them.

  • DancingBear@midwest.socialEnglish
    30·
    2 days ago

    Makes me wonder if I can start a company buying things online for other people, charging a small fee… find the requirements to get the lowest prices etc

    • Paradox@lemdro.idEnglish
      31·
      2 days ago

      I used to buy plane tickets on a VPN with an exit node in Southeast Asia. Cross country USA for $95

    • bluGill@fedia.io
      4·
      2 days ago

      Lowest price is the one thing your business plan cannot do. Finding the best value, or bse quality would be useful businesses. Dollar store and walmart already have the lowest price locked up, you need a eifferent niche.

      all retail is about buying thing for someone else at the bottom.