The consumer price index has been fluctuating wildly.

Adjusting for inflation.... Good state college, adjusting for inflation say, 45,000 a year.

Then auctions like eBay are another example of dynamic pricing.

The price of gold fluctuates daily.

Pay careful attention the next time you read the financial news.

But there's another type of pricing.

There are some strange animals in the zoo.

There are some strange animals in that zoo.

So let's talk about our first scenario here, where let's say this curve, people didn't expect prices to change for my e book and now all of a sudden, people expect there's a change in expectation.

As a general rule, the pension amount is based on price changes in the previous year.

That just means that the last three yield management, real time, and auctions are examples of dynamic pricing.

The stock market is a real time market.

The prices of commodities varied every week then.

The retail price index is a barometer of economic activity.

That's dynamic pricing.

But anyone making money is buying at low points and selling at high points.

And so that's the little bit of trickiness, right?

Everything gets more expensive, building material, gas, food, credit. Only the salary stays the same.

An animal? An animal?

Let me look at, look at actions more generally. So there are a variety of actions that we are interested in.

Personality overview

I noticed that, yeah. Animals, mister, just animals.

Agent metaphors describe price movements as the deliberate action of a living thing, as in, The NASDAQ climbed higher.

I mean, it's expensive, but... nothing like Manhattan, though.

Negotiated prices is a dynamic price.

Not so in Italy.

So after we made our discoveries with little C. elegans, people who worked on other kinds of animals started asking, if we made the same daf 2 mutation, the hormone receptor mutation, in other animals, will they live longer?

There's huge frictions if you were to buy and sell, there's 20 every time.

Nick complained to me about the high prices in Tokyo.

And I know, in the light of human suffering and poverty and even climate change, one would wonder, why worry about a few cats?

Zoology deals with the study of animal life.

If she were an animal, what kind of animal would she be?

How does that change demand?

If you ever think about it, pricing that you negotiate yeah, we kind of have this price on paper, but that's just the starting point of the conversation.

For example, the study of quantum computation has provided a new and computational view point on quantum mechanics.

Now let's think about related goods.

We've known him for years. Who, that guy at the zoo?

Now plants are under threat.

Wasn't.

And this is what you'll see if you actually look at income statements for public companies.

And the bottom line is, a short seller who's making money on the stock market, so they're shorting the stock at peaks and covering the stock at troughs, is actually reducing the volatility of the stock.

We found a couple of really interesting things.

These animals feed on grass.

The price rose.

Prices went up.