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Analyzed from 615 words in the discussion.

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#price#discounts#issue#pricing#regular#more#etc#otherwise#things#data

Discussion (12 Comments)Read Original on HackerNews

jsrozner12 minutes ago
The best solution is a constitutional amendment that actually enshrines a right to privacy. Among other things, the retention, aggregation, correlation of any personal data should be illegal (including for commercial purposes). (Storage on behalf of users in encrypted form could be made OK. Could also be refined to support retention of data of the medical, legal, etc kind with the attendant non-admissibility protections.)

This would fix this issue, it would destroy the surveillance models of Google/Facebook, and it would fix the Flock issue, etc. It would also fix the Roe v Wade issue: women would be able to get abortions in the first couple months of pregnancy without the possibility of harassment, since law enforcement would have no capacity to detect pregnancy until then.

Also, tech won't save us had a podcast on the dynamic pricing topic: https://podcasts.apple.com/us/podcast/how-data-is-changing-a...

apparent9 minutes ago
The devil is really in the details:

> The bill also permits a vast array of discounting practices while requiring increased transparency around discounts and placing some limitations on how consumers can be profiled.

The issue isn't "hey, you gave me a custom price that was disadvantageous". The issue is that "you gave me the regular price for some item but gave discounts to other people". That's trickier to outlaw because the "bad price" is the regular price, not a special discounted price.

If businesses are behaving badly, what they're doing is setting high regular prices and then discounting items that they don't think you'd otherwise buy. For items that you buy all the time, they're giving you minimal or no discounts.

But if you tell them they can't do this profiling, then they'll presumably resort to some mix of (1) no discounts with slightly lower overall pricing or (2) some loss leaders but otherwise regular pricing.

It's not especially clear to me that in the long run this is much better for consumers. They might get slightly more consumer surplus, but I doubt it will make that much of a difference. People in a given area probably have fairly similar buying patterns, plus they can still use loyalty programs, student/senior discounts/etc., as well as traditional coupons, to let customers sort themselves into "I'm generally price conscious" and "my time is worth more than my money".

jsrozner4 minutes ago
It can never be better for consumers. The only way a business would adopt this practice is if it leads to greater revenues. On average, that necessarily means worse prices for the average consumer.

> But if you tell them they can't do this profiling, then they'll presumably resort to some mix of (1) no discounts with slightly lower overall pricing or (2) some loss leaders but otherwise regular pricing.

That's not true. Competition with other market participants should in theory (assuming competition) be sufficient. The firms are in general already charging the profit-maximizing price. They could, however, increase profits with more information.

But there is the additional problem that they will also monetize this information by selling it into advertising markets. The whole point of this business model is to capture previously uncaptured value that would otherwise have been shared in the commons.

emilfihlman1 minute ago
Does anyone know how authority on passing these kinds of rules go, and if they are enforceable?

Is there some state/federal law that delegates power over some things to the municipalities/cities/counties etc that allow them passing ordnance like this?

It feels weird to me that this would not be a state / federal level decision, but maybe that's just my Finnish ass.

vadansky25 minutes ago
Has buying groceries online been normalized to this extent? I still feel dirty about it, but maybe I’m too old fashioned.
mikeocool22 minutes ago
Seriously, once you realize you’re paying a minimum of 30% extra, it becomes hard to stomach.
petcat11 minutes ago
For a lot of people their time and their effort is worth more to them than their money unless it is something they particularly enjoy doing themselves.
srmatto16 minutes ago
Depends on what you mean. I can buy groceries directly through the grocer instead of a middleman like DoorDash. I would count that as online.
ortusduxabout 3 hours ago
brasspepperbrea29 minutes ago
In this bill it just lists grocery stores as one of the examples where this practice could be banned, I wonder if it would apply to other more general online storefronts such as amazon.
jolmg18 minutes ago
Actually, why even limit what it applies to
pixl9722 minutes ago
Because I'm a bit lazy/busy, is there a summary that covers things like shopper cards/discount cards/membership requirements, and if this allows businesses to find different means of escape from the rules.