Amazon, the behemoth online retailer, used a secret algorithm called “Project Nessie” to determine how much to raise prices in a manner in which competitors would follow, according to a lawsuit filed ...

Lucas Downey is the co-founder of MoneyFlows, and an Investopedia Academy instructor. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in ...

For better accountability, we should shift the focus from the design of these systems to their impact. Describing a decision-making system as an “algorithm” is often a way to deflect accountability ...