Why Are Bots Buying Sneakers?
When algorithms start buying up products, there’s something wrong with the system.
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Episode Notes
The bots aren’t just buying cool sneakers. They’re buying concert tickets. Tickets to basketball games and Broadway shows. At the beginning of the pandemic, they were buying hand sanitizer and face masks. And later, they were booking vaccine reservation spots.
Why are bots taking over certain markets? And is there anything we can do to slow them down?
Guests:
Derreck Johnson, designer at Slate
Eric Budish, economics professor at the University of Chicago
