NPR 팟캐스트 Day5 -8/5(금)
팟캐스트 영어회화 영어단어 핵심문장 정리
game the system 법, 규정을 역이용하다, 편법을 쓰다
You know when you're trying to buy something online - you might put an item in your cart, then do some more browsing.
keystroke (컴퓨터나 타자기의 키를) 한 번 누르기
competitor 경쟁자
space (사물들 상이에 일정한) 간격을 두다, (비어있는) 공간[자리]
in the space of 의 간격으로, -의 기간동안
+) the space of a mile 1마일의 간격
+) for the space of three days 3일간
They can change in the space of five minutes.
high-frequency 빈번히 일어나는, 고주파의
in part 부분적으로는, 어느 정도는
+) payment in part 일부 지불
+) Her success was due in part to luck. 그녀의 성공은 어느 정도 운 덕분이었다.
undercut 저가로 팔다 공급하다
off the table 논외인, (더) 고려하지 않는, 유효하지 않은
take off the table 협의/고려/승인 대상에서 빼다/제외하다
It sort of takes price competition off the tree table.
span (어떤 일이 지속되는) 기간[시간]
within the span of ~의 시간/기간 동안에
within the span of 15 minutes ~의 범위 내에
market share 시장 점유율
secondary effect 부수적인 효과
counterintuitive 반직관적인
incorporate 포함하다, 설립하다
across the board (회사 산업 등의) 전반에 걸쳐
disincentivize 의욕을 꺾다, 행동을 방해하다
drift 표류/(서서히) 이동하다
Algorithms could absolutely have an effect on inflation.
in terms of ~면에서는
traditional pricing practices 전통적인 가격 책정 방식들
over the course of the year 한해동안, 일년동안
supply chains disruption 공급망 붕괴
race to the bottom 바닥치기 경쟁(정부의 과한 규제 완화 또는 비용 절감을 통한 개체들 간의 경쟁으로 편익이 감소하는 상황)
take into account …을 고려하다, 참작하다, 계산에 넣다
timely basis 적시에, 제 때에
Online pricing algorithms are gaming the system, and could mean you pay more
Online pricing algorithms are gaming the system, and could mean you pay more
Online pricing algorithms can game the system and ultimately end up costing the consumer more. And the impact of these program can go beyond just a few extra dollars at checkout.
www.npr.org
If you've shopped online recently, you may have had this experience: You find an item, add it to your cart, and then when you get around to paying, the price has increased.
You can thank pricing algorithms.
These are computer programs that look at factors such as supply, demand and the prices competitors are charging, and then adjust the price in real time. Now, there are calls for greater regulation at a time when these tactics are expected to become more common.
"A key thing about the algorithm is that given different inputs, like, say, time of day or weather or how many customers might be showing up, it might decide on a different price," said Harvard economics professor Alexander MacKay.
Theoretically, these algorithms could be good for competition. For example, if one business sets a price, the algorithm could automatically undercut it, resulting in a lower price for the consumer.
But it doesn't quite work that way, MacKay said. In a paper he co-authored in the National Bureau of Economic Research, he studied the way algorithms compete. He found that when multiple businesses used pricing algorithms, both knew that decreasing their price would cause their rival to decrease their price, which could set off a never-ending chain of price decreases.
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