Why does Uber charge me more than my friend? AI and Dynamic Pricing

Image for post
Image for post

What is Algorithmic pricing

Image for post
Image for post
Source

How does it work?

Image for post
Image for post

The case of Uber

Image for post
Image for post
Source

Ability to Adjust to Competition Pricing & Costs

For more information:

Thanks for reading. If you enjoyed this article, feel free to hit that clap button 👏 to help others find it.

Image for post
Image for post

This story is published in The Startup, Medium’s largest entrepreneurship publication followed by +388,456 people.

Subscribe to receive our top stories here.

Image for post
Image for post

The Startup

Medium's largest active publication, followed by +703K people. Follow to join our community.

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch

Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore

Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store