Wendy's Is Introducing Uber-Style 'Surge Pricing'
foodandwine.com
foodandwine.com
It could be based on individual unique identity (from facerec, and the umpteen ways a smartphone sells out the user), and/or on factors they can pick up from cameras alone (like gender, ethnicity, age, style of dress, class).
From there, you can learn price tolerances, including how price affects repeat visits.
Hook it into promotions, loyalty programs, etc.
For extra dystopia, if there's any demographic you'd rather not have in a particular store, you can discourage them with pricing.
If someone gets better pricing than you, it must be an algorithmic oddity, or they they got better promo rewards from retweeting a post, or their (upcoming) AR glasses outward-facing ads display got better impressions, or something.
"Sir, this is a Wendy's... halt, and submit to AI socio-biometric scanning, citizen!"
Markets are just machines that respond to incentives. In the absence of regulation, the only incentive of the market is profit. What you're observing is that just because a market is efficient at seeking a profit, it doesn't mean it does anything good for society at large.
https://www.thebignewsletter.com/p/bombshell-potential-crimi...
Also, in terms of customer psychology it would be better to display the maximum price at lunch time (or whenever the peak is) and the lower prices as a discount. Fees are bad, discounts are good, even if it works out to exactly the same prices.
I hope this surge pricing will encourage people to seek better quality food with higher nutritional value.
But, not a fan of touch screen order kiosks. Not sanitary, and I work on tech all day the last thing I want to do is use a computer at a restaurant. But, im sure there are a bunch of people who hate interacting and probably love it. When I go to mcdonalds, I will wait extra for a person to come up to the register.
if you don't care paying for the premium then it's obviously a privilege for you.
not fun for the people on the other end of the spectrum, though.
next stop, pricing depending on how hungry you are!
I did not say that. I said I have no problem with dynamic pricing.
plane flights are cheaper at bad times. If everyone wants to eat at noon it potentially induces a big load on Wendys, e.g. more people staffing the counter. If you can financially motivate people to spread the load or rather "flatten the curve" it may increase efficiency.
But, not here for a flame war. For the record, yes I am stable financially, and that probably adds bias to my thoughts.
It’s nice to order at a counter if you know exactly what you want. But I like the kiosks if it’s a place/menu I’m not very familiar with: gives you more time to browse and decide what you want rather than gawking at an overhead menu, holding up the line, and feeling pressured into ordering the first thing that comes to mind…
> ”When I go to mcdonalds, I will wait extra for a person to come up to the register.”
Now days you can be waiting quite a while for a human to take your order at McDonald’s!
More discussion earlier over here: https://news.ycombinator.com/item?id=39514464
People want lower prices above almost all else.
> Ryan Tubridy grills Ryanair mogul, Michael O' Leary, on the multiple rumours, observations and comments surrounding the low fare airline and he certainly has some interesting things to say!
I prefer to order from a kiosk and to scan my own groceries. It's not like I don't like the human interaction, but when I have only a few items, or I want to be able to browse the menu a little, I like some personal space rather than feeling rushed.