Which famous mathematical pricing algorithm, developed in 1974, is widely credited with revolutionizing airline ticket pricing and later became foundational for e-commerce dynamic pricing?

In today's data-driven retail landscape, mathematical algorithms power pricing decisions across the industry. From dynamic pricing models to predictive analytics, mathematics forms the foundation of modern retail strategy. This trivia question explores a famous pricing algorithm that revolutionized how mathematical models are applied to retail pricing strategies. Test your knowledge of where mathematics and retail innovation intersect!

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EMSR (Expected Marginal Seat Revenue) Algorithm
Nash Equilibrium Pricing Model
Bayesian Price Optimization Framework
Martingale Pricing Theory