Saltar a navegação
How Online Shopping Makes Suckers of Us All
Article

How Online Shopping Makes Suckers of Us All

The Atlantic, 2017

áudio gerado automaticamente
áudio gerado automaticamente

Editorial Rating

8

Qualities

  • Analytical
  • Applicable
  • Eye Opening

Recommendation

Hunting for bargains online has become one of America’s most popular pastimes. But as economics writer Jerry Useem suggests in The Atlantic, online retailers have turned the tables and now look for the best deals from customers. The availability of vast amounts of consumer data has led economists to develop new software capable of turning online data into new pricing strategies to outsmart shoppers. getAbstract recommends Useem’s eye-opening article to retail professionals and unsuspecting consumers. 

Take-Aways

  • Online shopping has empowered consumers to find the best price for a desired product, putting enormous pressure on retailers and their bottom line.
  • The availability of massive amounts of consumer data is allowing economists working on behalf of online retailers to come up with creative new ways to set prices.
  • Economists and data analysts are studying “perfect price discrimination” – the ability to charge the maximum possible price for each unit sold.

About the Author

Jerry Useem is a contributing editor at The Atlantic. He has covered business and economics for The New York TimesFortune, and other publications.


More on this topic

Related Channels