Mm, it feels unfair. I was trying to reason through why I think it's an ethical problem and that's what I've come up with. You're not treating people equally - whether it's in person bartering where you make assumptions about them based on snap judgements or via airlines seen here.
There's an even bigger fairness issue when there's such a huge data knowledge gap between the parties, both knowing that there is this hidden price structure as well as knowing a ton about you. So there's privacy implications too.
Edit: it's not undercutting. It's price discrimination. You know the thing people fucking hate when trying to buy a car. Half the reason people liked buying Tesla is cause the price is the price is the price.
There's an even bigger fairness issue when there's such a huge data knowledge gap between the parties, both knowing that there is this hidden price structure as well as knowing a ton about you. So there's privacy implications too.
Edit: it's not undercutting. It's price discrimination. You know the thing people fucking hate when trying to buy a car. Half the reason people liked buying Tesla is cause the price is the price is the price.