Archive for January 29th, 2015

Your price sensitivity is asymmetric … and we know it.

January 29, 2015

According to TheVerge.com

Big grocery chains are increasingly turning to big data and mathematical models to take the guessing out of the process of pricing thousands of items on their shelves,

 

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The models can detect your yogurt flavor preferences and your “internal hierarchy of brands” … i.e. which brands your think are better than others.

And, there’s more …

(more…)