How can a $35 book go upto $23,698,655.93 (plus $3.99 shipping) at AMAZON? Real Story !



After a few days



Michael Eisen’ Blog: “….But two questions remained. Why were they doing this, and how long would it go on before they noticed? As I amusedly watched the price rise every day, I learned that Amazon retailers are increasingly using algorithmic pricing (something Amazon itself does on a large scale), with a number of companies offering pricing algorithms/services to retailers. Both profnath and bordeebook were clearly using automatic pricing – employing algorithms that didn’t have a built-in sanity check on the prices they produced. But the two retailers were clearly employing different strategies….”

A must read for every Data Scientist !


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