Tag: Behavioral Economics

What is low-code development? A Lego-like approach to building software | ITworld

What is low-code development? A Lego-like approach to building software | ITworld

Grabbing Slurpee sales data to go 7-Eleven turned to low-code to supply product pricing information to regional managers who visit as many as 10 stores a day. The convenience store retailer, which operates 10,000 retail locations in the U.S., constructed a field price optimization app that enables its regional managers to access pertinent sales, says […]

How did you get that Grab ride? | Channel NewsAsia

How did you get that Grab ride? | Channel NewsAsia

INNER WORKINGS OF DYNAMIC PRICING The engineering chief also helped demystify some aspects of dynamic (or surge) pricing, which was introduced here about 10 months ago. He noted that before this feature, pricings were “flat” for drivers in Singapore but, since then, taxi drivers are on average earning 20 per cent more than previously. On […]

A few musings from 2017 that still hold good | GulfNews.com

A few musings from 2017 that still hold good | GulfNews.com

Aspirational real estate pricing My friend Jonathan Miller came up with this phrase three years ago and it continues to entertain. Listings for $25 million going for less than $10 million, or a $135 million listing selling for $100 million below the asking price! Before you mock the practice as egotistical stupidity — and surely […]

Car-sharing operators face roadblock from ride-hailing firms Grab and Uber | TODAYonline

Car-sharing operators face roadblock from ride-hailing firms Grab and Uber | TODAYonline

STAYING AHEAD OF THE COMPETITION Car Club has taken various steps to stay ahead of the curve, including rolling out a loyalty rewards programme allowing members to earn NTUC LinkPoints when they use the firm’s cars. The company has also marketed its membership perks “in a bigger way” in the last year or two, said […]

Talking Technology with Waste Management’s Chief Digital Officer | Waste 360

Talking Technology with Waste Management’s Chief Digital Officer | Waste 360

Sjoqvist joined the company in 2012 and was previously vice president of pricing and then vice president of revenue management. In those roles, he had responsibility for pricing, disciplined growth planning, marketing and advanced revenue analytics. Waste360 recently sat down with Sjoqvist to discuss his new role and how Waste Management will use technology in […]

Pricing for Profitability: You Are in Control, Even If It Doesn’t Feel That Way Yet | HuffPost

Pricing for Profitability: You Are in Control, Even If It Doesn’t Feel That Way Yet | HuffPost

One of the hardest aspects of starting a small business is pricing. Even if you have done your research and feel pretty good about where you’ve set your prices now, you may find yourself feeling unhappy or growing resentful down the line. Not a good feeling! The good news is that you can master pricing […]

Another Victory for the Behavioral Economists | Energy Institute Blog

Another Victory for the Behavioral Economists | Energy Institute Blog

Consumers Do Reduce Consumption When the Price Goes Up The first result in the paper validates our basic Econ 1 models. During the event windows, the customers in the treated group consumed on average 12 percent less than the customers in the control group. So, higher prices imply less consumption. Check. It’s also interesting to […]

Match Group’s Tinder emerges as cash cow courtesy of data science, dynamic pricing, paying off tech debt | ZDNet

Match Group’s Tinder emerges as cash cow courtesy of data science, dynamic pricing, paying off tech debt | ZDNet

The more interesting development will be seeing how Tinder uses artificial intelligence to drive matches as well as monetization and revenue growth. Tinder has been building its data science team and added Dr. Xue Liu, a computer science professor at McGill University, as its chief scientist. Tinder is also adding analytics and data science talent […]

Pricing Your Product: Part Art & Part Science | Intelligence Node

Pricing Your Product: Part Art & Part Science | Intelligence Node

Pricing. It’s that enigmatic element of any business that’s sure to keep executives up at night and constantly second-guessing themselves. Fire up a Google search or read any business advice book, and you’re bound to come across a bazillion different pricing strategies, all of which are purported to be an instant shot in the arm […]

Pricer’s Points: Buying A Big House Comes With Big Hidden Costs | Anastasia Ivanov

Pricer’s Points: Buying A Big House Comes With Big Hidden Costs | Anastasia Ivanov

You have to consider all the angles before buying a home. While owning big beautiful home might be your dream, the cost of owning one over 30 years can quickly turn it into a nightmare. It’s important not to let short-term decisions impact long-term financial goals like retiring early or saving for your child’s education. […]