Thursday, February 12, 2015

23 million Dollar Books, Pricing Algorithms Compete on Amazon

Found this great story as a hook for exponential functions:


Basically a book called "the Making of a Fly" reached over 23 million dollars in cost when the pricing algorithms for two companies continuous competed with each other. Michael Eisen caught some of the prices over a few days and figured out the ratio between them:




Here is a current pricing of the book:




ZD Net also found some great screen shots to help tell the story. Its perfect for exponential growth:




















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