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The complexity of retail pricing immediately has pushed at the very least one among Boomerang’s shoppers into game theory—a branch of arithmetic that, it’s safe to say, has seldom discovered sensible use in shopping aisles. Hariharan says, with a smile: It helps you to say, ‘What’s the dominant competitor’s reaction to me? And if I know the response to me, what’s my first, finest move?’ Which is the Nash equilibrium.” Yes, that’s John Nash, the eponymous Beautiful Mind, whose brilliant contributions to mathematics now prolong to the setting of mop prices.
Trend-ahead boutiques make Charlotte a hotbed for haute couture, and unique manufacturers make it a destination for high-end finds. From quirky thrift retailers touting vintage gems to outlets offering steep reductions and malls anchored by prime retailers, Charlotte’s shopping circuit is a style lover’s secret weapon—and a standout in the Southeast.
Amazon way back mastered this tactic, Hariharan says. In a single instance, Boomerang monitored the pricing shifts of a popular Samsung tv on Amazon over the six-month period earlier than Black Friday. Then, on Black Friday itself, Amazon dropped the TV’s value from $350 all the way to $250, undercutting opponents by a country mile. Boomerang’s bots also noticed that in October, Amazon had hiked the value of some HDMI cables needed to connect the TV by about 60 p.c, seemingly armed with the information, Hariharan says, that online consumers do not comparison shop as zealously for cheaper items as they do for expensive ones.