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Same product, different price – When AI decides how much you pay

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Manage episode 517871409 series 3256088
Content provided by AGSM | UNSW Business School. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AGSM | UNSW Business School or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What if you paid a different price for the same product – not because of demand, but because of your data.
Prices change, whether it’s annual sales or seasonal variability. But what happens when AI sets the price – not just for the market, but for you?

“The scope and the scale and the pervasiveness down to the individual with personalised pricing is pretty unprecedented.”

UNSW Associate Professor Sam Kirshner explores the trade-off between personalisation and privacy, and the importance of responsible AI use as companies employ new personalised pricing models.

+++

The Business Of podcast is brought to you by the University of New South Wales Business School, produced with Deadset Studios.

This episode is hosted by Dr Juliet Bourke, with insights from Professor Barney Tan.

The transcript and show notes can be found on our website here.

Listen to our episode on how AI is reshaping the way we work with Professor Frederik Anseel here.

Want to follow the latest research and news from UNSW Business School and AGSM @ UNSW Business School? Subscribe to our industry stories at BusinessThink and follow UNSW Business School and AGSM on LinkedIn. Or listen to new episodes of The Business Of and subscribe to our UNSW Business School and AGSM channels on YouTube.

We acknowledge Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the land on which this show was made.

See omnystudio.com/listener for privacy information.

  continue reading

70 episodes

Artwork
iconShare
 
Manage episode 517871409 series 3256088
Content provided by AGSM | UNSW Business School. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AGSM | UNSW Business School or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What if you paid a different price for the same product – not because of demand, but because of your data.
Prices change, whether it’s annual sales or seasonal variability. But what happens when AI sets the price – not just for the market, but for you?

“The scope and the scale and the pervasiveness down to the individual with personalised pricing is pretty unprecedented.”

UNSW Associate Professor Sam Kirshner explores the trade-off between personalisation and privacy, and the importance of responsible AI use as companies employ new personalised pricing models.

+++

The Business Of podcast is brought to you by the University of New South Wales Business School, produced with Deadset Studios.

This episode is hosted by Dr Juliet Bourke, with insights from Professor Barney Tan.

The transcript and show notes can be found on our website here.

Listen to our episode on how AI is reshaping the way we work with Professor Frederik Anseel here.

Want to follow the latest research and news from UNSW Business School and AGSM @ UNSW Business School? Subscribe to our industry stories at BusinessThink and follow UNSW Business School and AGSM on LinkedIn. Or listen to new episodes of The Business Of and subscribe to our UNSW Business School and AGSM channels on YouTube.

We acknowledge Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the land on which this show was made.

See omnystudio.com/listener for privacy information.

  continue reading

70 episodes

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