Thread

1. cyberax · 1790712096 · focus · HN ↗

   Why would a dynamic price be any less fair?

   E.g. I'm using a per-mile car insurance policy with a device that monitors my behavior. I'm a conservative driver, so I save a lot of money. But if such systems become universal, stupid speeders will get heavily penalized because they won't be able to offload their risks onto everyone else.

   So on the one hand, it's more fair to careful drivers. But on the other hand, it will logically remove all the "slack" in the system, which serves as a de-facto social safety net.

   1. jacobjjacob · 1790779545 · focus · HN ↗

      Fair would mean everyone gets the same price or that it’s based on somewhat transparent factors, especially when those factors have no impact on the seller. But in many of these cases, it is not disclosed at all and we have no idea what factors they are using.

      Compare that to car insurance where many of the factors are well known and have a clear impact on risk.

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