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A comment on Uber said to use “sophisticated” software to defraud drivers, passengers. Parent comment

Re:Uber said to use “sophisticated” software to defraud driv... by rbcgerard on Thursday April 06, 2017 @07:26PM (#14055660)
The question in my mind is whether uber is taking any risk in that arbitrage, if uber is essentially selling me "the rider" a swap (floating for fixed) it doesn't seem unreasonable they should be compensated for taking that risk
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Re:Uber said to use “sophisticated” software to defraud driv... by dnautics on Thursday April 06, 2017 @08:06PM (#14055877)
they are. If something unexpected comes up (say a high volume of traffic due to a sudden accident), then uber will have to pay the driver the higher amount.
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Re:Uber said to use “sophisticated” software to defraud driv... by rbcgerard on Thursday April 06, 2017 @09:24PM (#14056291)
Yeah - it doesn't seem unfair to get compensated for that risk
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Re:Uber said to use “sophisticated” software to defraud driv... by acjohnson55 on Friday April 07, 2017 @08:43AM (#14059149)
Terminology question: wouldn't arbitrage imply absence of risk?
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Re:Uber said to use “sophisticated” software to defraud driv... by rbcgerard on Friday April 07, 2017 @09:16AM (#14059325)
If you're an academic, probably. Otherwise, almost never...
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Re:Uber said to use “sophisticated” software to defraud driv... by acjohnson55 on Sunday April 09, 2017 @04:23AM (#14071115)
I've always kind of wondered that, because I see the word thrown around so freely as a fancy word for "opportunity", yet its textbook definition seemed a bit more nuanced.
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