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This time, EasyValue got its prices right, but it had incorrectly priced the U2 album from 101CD at £10.99 - meaning price-conscious customers would have missed the best bargain and paid 76p more than they needed.
As the credit and mortgage crises have unfolded, it's become apparent that rating agencies incorrectly priced risk in complex securities.
"Policy intervention is needed to protect resources that are not priced or incorrectly priced," says Malcolm Preston, global sustainability leader at PwC. Water is a case in point.
Alternatively, if the valuation is too high, you may face a down round at your Series B. Savvy founders are aware of the risk of an incorrectly priced Series A round, and are often in search of a reasonable framework for estimating the right price for their Series A. This article attempts to provide that framework.
"His mom recently shared a story of how Hart discovered an order was poorly packaged and shipping was incorrectly priced.
If you do know some things about pricing, try figuring out if a horse is incorrectly priced.
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The fund wants to buy, he said, "when we can make a 100percentt return over the next 18 months because, in our opinion, the stock is priced incorrectly".
The giant Swiss bank revealed in February that certain asset-backed securities had been priced incorrectly, but it was unclear whether it had been done intentionally.
It's also able to identify when product is priced incorrectly.
Before Quri, brands needing to spot check their promotions, displays, and other inventory issues would have to manage the process through old-school methods, or they could pull point-of-sale data which would let them know after the fact if things were priced incorrectly.
Correction: October 12, 2000, Thursday A front-page article on Monday about rising prices in bookstores referred incorrectly to prices of discounted books at Amazon.com.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com