This entry was posted on November 30, 2019 at 7:18 pm and is filed under Statistics with tags Amazon, George Casella, pricing algorithm, statistical inference. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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November 30, 2019 at 8:40 pm
I’ve heard that this happens because of automated bidding wars (sellers A and B both offer the book for sale and plan to buy it elsewhere and add a percentage to their cost): http://www.cnn.com/2011/TECH/web/04/25/amazon.price.algorithm/index.html