LLMMedium
Amazon Algorithmic Pricing Allegedly Hiked up Price of Reference Book to Millions
- Occurred
- Apr 8, 2023
- Published
- Apr 22, 2011
- Source
- AI Incident Database
Summary
Amazon's pricing algorithm was implicated in a reference book about flies' unusual high price of millions of dollars, allegedly due to two sellers using the paid service which based their product's pricing on one another's as competitors.
Developers
- Amazon
Deployers
- Amazon
Harmed parties
- Amazon
Classification
Category confidence: 70%
Severity confidence: 80%
Rationale: Algorithmic pricing failure caused extreme price anomaly, but no physical harm or legal action reported.
Classifier: Qwen/Qwen3.5-35B-A3B-FP8