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0 pointsAdamJacobMuller2y ago0 comments

> I'm sure the big three credit bureaux are developing precisely this product.

Probably. Again I'm super libertarian but the 3 credit bureaus in the US need a corporate death penalty.

> they could adjust their prices on a per customer basis to cover their expected risk

I'm not sure that works because the risk here is someone just refusing to pay the displayed price at all, regardless of what it is.

If anything, stores would use this kind of technology to do stratified pricing depending on what they think you can afford and are willing to pay. More affluent people would be charged more for the exact same box of crackers.

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gumby2y ago

> More affluent people would be charged more for the exact same box of crackers.

Or less, because they buy more stuff, and luring them into your store, especially for repeat visits, is worth it.

This is how it works today, just not to this level of granularity. Poor people can't buy the value size because they don't have the cash flow. Costco customers save a lot of money -- but they have big enough houses to store the large sizes.

It's really expensive to be poor.

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