All posts tagged: algorithm bias

Why We Need a Formal, Mandatory, and Remunerated “Citizen Lobby”

Why We Need a Formal, Mandatory, and Remunerated “Citizen Lobby”

At the end of the twentieth century, the end of the Cold War suggested that freedom and democracy were the name of the game. The launch of the World Wide Web in the early 1990s promised a free flow of information and knowledge as well as borderless access to people across the connected world. Democracy was now likely to become more than a system operated by an elite on behalf of “the people,” becoming instead something the people themselves could actively take part in—beyond merely being the smallest denominator of the electorate. The new millennium has, nevertheless, brought a number of counter-developments. Neither the East–West nor the North–South global dialogues have delivered the long-term socioeconomic stability hoped for. Trade, energy, and political interests—combined with various forms of fundamentalism—have contributed to a renewed arms race that many believed had ended with the fall of the Berlin Wall in November 1989. Alongside—and perhaps contributing to—these developments, there has been a post-1989 trend toward political neoliberalism. This ideology argues that ultimate freedom of choice will liberate us from …

Will Pricing Algorithms Spell the End of the Fair Market Price?

Will Pricing Algorithms Spell the End of the Fair Market Price?

I hate haggling. I spent a lot of my life living and working in countries across the Asia-Pacific, where open negotiation for purchases is common, and I always hated doing it. Whenever I visit places where haggling is the norm, I usually end up buying what I need from higher-end stores—likely spending more than I need to—just so that I can pay a fixed price and avoid the anxiety of haggling. I am not good at it. I feel awkward. I don’t like the uncertainty or the confrontation, and I especially don’t like the feeling that I’m being “ripped off” and paying more than I should or more than the next person would. Given this, you can imagine how horrified I am at the prospect of personalized pricing algorithms, a type of algorithm not yet widely in use but nevertheless on the radar of organizations like the OECD (an intergovernmental organization that advises on economic policy), who has included it among the “dark commercial patterns” and the anti-competitive practices that they monitor. This type of pricing algorithm uses data collected …