Kessler’s rule of thumb is blunt: “It basically at the end all comes down to this mispricing. People are trying to take advantage of the mispricing.” And in hidden markets, he added, things are “100% mispriced.” What Kessler’s work suggests is supply and demand may work in theory, but in practice, consumers often revolt at life conducted on purely economic terms that feel unfair.
Consider this illustration:
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SIGIR Information RetrievalShould I Follow the Crowd? A Probabilistic Analysis of the Effectiveness of Popularity in Recommender SystemsRocío Cañamares & Pablo Castells, Autonomous University of MadridSIGMETRICS PerformanceA Refined Mean Field ApproximationNicolas Gast, Inria
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