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A comment on Level Skies – Price protection on airfare. If fares go up, we pay you..

Re:Level Skies – Price protection on airfare. If fares go up... by bluedevil2k on Monday April 21, 2014 @04:34PM (#7623622)
Interesting to contrast this business with the recent 538 article on Bing pulling their air travel ticket prediction engine because it wasn't accurate enough (http://fivethirtyeight.com/features/when-to-hold-out-for-a-l...)

Would be interesting to know how they hedge their risk, which they are hopefully doing)

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Re:Level Skies – Price protection on airfare. If fares go up... by ls_tm on Monday April 21, 2014 @04:40PM (#7623662)
Yeah, that was a great article and we certainly are hedging our risk. One major difference in how we do things is we don't need to predict the future price of a particular flight, we need to predict the range of prices and the probability that prices will be in different parts of the range. It's a fundamentally different problem although has some surface level similarities.
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