(Last Word): Alex Owns a Luxury Automobile and Regularly Purchases

question 5

Multiple Choice

(Last Word) : Alex owns a luxury automobile and regularly purchases high-end fashion items online. Kara drives an old sedan and does most online shopping on eBay and Amazon. Suppose both Alex and Kara search the same online retailer for a nice watch to give on Father’s Day. Based on Big Data and personalized pricing, we would expect

• A) Alex to see a higher price than Kara for the same watch.
• B) Alex and Kara to see the same price for a given watch.
• C) Alex to see a lower price than Kara for the same watch.
• D) that either Alex or Kara might see a higher price for the same watch, as algorithms randomly determine what price each consumer sees.

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Definitions:

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors that cause significant distress or impairment in functioning.

Context

The circumstances or setting surrounding an event, statement, or idea, which influences its meaning or effect.

Difficulties

Challenges or obstacles that impede progress or success.

Maladaptive

Behaviors or thought patterns that are counterproductive to one's own well-being or to achieving desired goals.