Earlier quoted context omitted.
Doesn't that depend on the state? I'm almost sure there are quite a few states that allow stores to charge a higher price at checkout than what the product is labeled with on the shelf.
That’s fraud, plain and simple. There are already laws against that. No more specific laws are needed. Fraud: “a deliberate act of deception, misrepresentation, or concealment of material facts intended to gain an unauthorized benefit—typically money or property—while causing loss to another party.”
Maryland becomes first state to ban surveillance pricing in grocery stores
201–210 of 219 posts
Re: Maryland becomes first state to ban surveillance pricing in grocery stores
#202Sadly, this article doesn't explain how this "surveillance pricing" (which is just a scarier-sounding synonym for "dynamic pricing") would even work in a physical grocery store. Like, prices are displayed on the shelf for everyone to see. And they have to match what you pay at checkout. So how the heck would a grocery store even do this? And this law is specifically around grocery stores . Like, there was a big kerfu…
Based on the headline I thought it was what grocery chains here in Norway do, where they have people hired to "shop" at a competitor while simultaneously noting prices on items. If they see the competitor has lowered the price of milk, they'll lower it to match. Apparently they can do such adjustments multiple times a day back and forth. Been some talk about banning that here.
Re: Maryland becomes first state to ban surveillance pricing in grocery stores
#203Earlier quoted context omitted.
I still don't understand how that would work. Yes, e-ink is great for updating prices, I welcome it at grocery stores. But if both me and another person are standing in front of the prosciutto and cured meats fridge, we're seeing the same prices, even if I'm poor and they're rich.
I think they're conflating/confusing a bunch of different things here. E-ink tags let stores run sales more often, offer "happy hour" time of day discounts, etc. It's not so much individualized (other than probably some demographic targeting, like raising prices 5-6 pm when well employed people are picking stuff up on the way home). The personalized pricing is usually by having everyone pay through an app. The app kn…
[0] One of the core foundations of neoclassical economics is unbounded rationality which includes the ability to predict the future.
Re: Maryland becomes first state to ban surveillance pricing in grocery stores
#204Sadly, this article doesn't explain how this "surveillance pricing" (which is just a scarier-sounding synonym for "dynamic pricing") would even work in a physical grocery store. Like, prices are displayed on the shelf for everyone to see. And they have to match what you pay at checkout. So how the heck would a grocery store even do this? And this law is specifically around grocery stores . Like, there was a big kerfu…
Surveillance pricing something like that, pretty much entirely online? I think we can all imagine how to set that up without too much trouble
Re: Maryland becomes first state to ban surveillance pricing in grocery stores
#205Earlier quoted context omitted.
That’s fraud, plain and simple. There are already laws against that. No more specific laws are needed. Fraud: “a deliberate act of deception, misrepresentation, or concealment of material facts intended to gain an unauthorized benefit—typically money or property—while causing loss to another party.”
Isn't it common for state sales taxes to be added at the till? (I don't live in the US but that seemed to be what happened on my visits there)
Re: Maryland becomes first state to ban surveillance pricing in grocery stores
#206Earlier quoted context omitted.
I still don't understand how that would work. Yes, e-ink is great for updating prices, I welcome it at grocery stores. But if both me and another person are standing in front of the prosciutto and cured meats fridge, we're seeing the same prices, even if I'm poor and they're rich.
I think they're conflating/confusing a bunch of different things here. E-ink tags let stores run sales more often, offer "happy hour" time of day discounts, etc. It's not so much individualized (other than probably some demographic targeting, like raising prices 5-6 pm when well employed people are picking stuff up on the way home). The personalized pricing is usually by having everyone pay through an app. The app kn…
Re: Maryland becomes first state to ban surveillance pricing in grocery stores
#207Sadly, this article doesn't explain how this "surveillance pricing" (which is just a scarier-sounding synonym for "dynamic pricing") would even work in a physical grocery store. Like, prices are displayed on the shelf for everyone to see. And they have to match what you pay at checkout. So how the heck would a grocery store even do this? And this law is specifically around grocery stores . Like, there was a big kerfu…
For individual discrimination (vs neighborhood or time of day), one way would be what Macdonalds does: - raise all the prices - have an app (with an account) to give personalized discounts - use “AI” (or, just a regular program) to pick the optimal set of discounts per person, squeezing as much as you can out of them
Re: Maryland becomes first state to ban surveillance pricing in grocery stores
#208Earlier quoted context omitted.
You're already watched by security cameras, it's not hard to do facial recognition anymore. And you have companies literally lining up to sell such facial recognition databases. It's conceivable they could determine what price you pay for groceries while your car is on the way to the store, thanks to Flock.
Disney Parks patented tracking via shoes and groups of people/families based on scanning their shoes upon park entry to build an index of guests. Not sure how and where it was all applied during park visits for guests but you're definitely correct that facial recognition upon store entry to kickoff a live dynamic profiling of a customer is what's currently being beta tested/deployed by some retailers.