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Bargaining with Algorithms: An Experiment on Algorithmic Price Discrimination and Consumer and Data Protection Laws Haggai Porat March 2024 Draft Abstract Using algorithms to personalize prices is

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Understand the needs and preferences of your target audience

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What is algorithmic personalized pricing in?

Algorithmic personalized pricing refers to the use of algorithms and data analytics to set prices for products or services based on individual customer characteristics, behaviors, or preferences.

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Businesses that utilize algorithmic personalized pricing strategies and meet specific regulatory criteria are required to file algorithmic personalized pricing information.

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To fill out algorithmic personalized pricing information, businesses must collect relevant data, follow the guidelines provided by the regulatory authority, and submit the required forms with accurate and complete information.

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The purpose of algorithmic personalized pricing is to optimize pricing strategies, enhance customer experience, and maximize revenue by tailoring prices to individual consumers.

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Businesses must report details such as pricing algorithms used, data sources for personalization, customer segmentation methods, and any relevant performance metrics.

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