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Shopping Online? Beware Of Price Discrimination
ResumeWe've all seen those personalized internet ads. You search the internet one day for pair of shoes. Then, for the next two months, you receive countless ads for shoes right on your browser. Thanks to Big Data, Big Brother — or Big Business — is watching.
Now, some big travel websites and online general merchandisers are using that data in a new way: they're charging different people different prices for the same goods — or pushing some people toward higher-priced offers. It's called "price discrimination" and we're learning more about it thanks to new research from Northeastern University.
Guest
Callum Borchers, business reporter for The Boston Globe. He tweets @callumborchers.
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The Boston Globe: Online Retailers Found To Shift Offerings And Prices
- "You know that friend who always scores hotel deals you never seem able to find? The reason might not be her skill at ferreting out online bargains."
This article was originally published on October 23, 2014.
This segment aired on October 23, 2014.