How much does an app cost?

The answer is of course: “it depends”. This is certainly way too vague from a business perspective. To give you a ballpark estimation what app can cost, here’s a list of famous startups that got seed money to implement their ideas with apps: Uber: $200.000 Instagram: $500.000 Tinder: $485.000 Postmates: $750.000 Snap: 485.000$ Note that […]

Artificial intelligence, algorithmic pricing, and collusion | VOX, CEPR Policy Portal

Researchers Emilio Calvano, Giacomo Calzolari, Vincenzo Denicolò, Sergio Pastorello of the University of Bologna in Italy conducted an experiment where they let loose two simple reinforcement-learning-based pricing algorithms in a controlled environment. They learned that the these two completely autonomous algorithms actually responded to their mutual behavior.  Together, they started quickly to pull up the […]