Is Instacart Overcharging You? The Truth About Algorithmic Pricing

Описание: Ever wonder if you're paying more for your groceries than someone else? This video investigates Instacart's AI-enabled pricing experiments, revealing how prices for items like eggs can vary significantly for different users. In this video, we go behind the scenes of how companies use your data to charge you a "personal price" for essentials. Let's dive into Algorithmic Surveillance Pricing!

Have you ever noticed a sudden price increase immediately after searching for an item? Whether it’s Instacart groceries, airline tickets, or surge pricing on Uber, algorithmic pricing is changing the way we shop. Today, Catherine Agopcan from Sisters For Financial Independence breaks down a recent joint investigation by Consumer Reports and Groundwork Collaborative that found price variations of up to 23% for identical items.

We discuss how data points like your zip code, device type, and even mouse movements are used as "proxies" for your income and price sensitivity—often creating a legal gray area regarding race and gender discrimination. We explore how this impacts your personal finances and what you can do about it.

CHAPTERS
00:00 Is Your Grocery App Charging You More? The Truth About Algorithmic Pricing
01:27 What is Algorithmic Surveillance Pricing?
01:58 The Instacart Investigation
03:02 Familiarity with Dynamic Pricing
10:19 8 Tips to Protect Your Wallet
13:48 How to Support New Legislation Against Surveillance Pricing
15:11 Final Takeaway: Knowledge is Power


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