Or How I Got Rich While Ride-Sharing My Way on the Backs of My Non-Employees I think it goes without saying that bias is inherent among us all. So when, MIT Tech Review writes a post praising Uber's dynamic pricing system, it is apparent that there is an appreciation bias towards their Silicon Valley counterparts. Overlooking the effect dynamic pricing often has on the Uber drivers, the author goes on to hail the algorithm for smart pricing during rush hours and lull hours. Some might argue that algorithms might benefit the drivers themselves allowing them to make most out of the ebbs and flows of demand. But it is also possible to make an argument that since these algorithms are coded by Uber themselves, the bias inherent in these algorithms is meant to benefit them above all. The dynamic pricing model is oriented to engage maximum coverage to supply the consumer demand and not to tackle the effective costs incurred [...]The post In Praise of The Algorithm appeared first on Narcissist Reality.
