Judge Carlos T. Bea, of the U.S. Court of Appeals for the Ninth Circuit speaking during a panel discussion at the Federalist Society s 2018 National Lawyers Convention, held at The Mayflower Hotel in ...

New York mandates warnings when algorithms use personal data to set prices, with $1,000 fines for businesses that hide ...

Companies are increasingly using pricing algorithms and other AI systems to develop and improve their ability to promptly respond to market conditions, innovate product offerings, and set prices.

Hotel pricing by gut instinct and Excel spreadsheets is out. Operators are finally getting serious about revenue management. “Heads in beds.” That simple mantra drove the hotel business for decades.

Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price. Unhappy with their meager profits, they meet one night in a ...

The original version of this story appeared in Quanta Magazine. Imagine a town with two widget merchants. Customers prefer cheaper widgets, so the merchants must compete to set the lowest price.