With all this talk of how snooping agencies and companies are trading people's data, wouldn't a citizen aggregated and voluntary free / creative commons database or similar be of value - perhaps at least as a way of reducing the value of all these data mining companies?
Ale On Sat, 15 Jun 2013 19:17:18 +0400 Alfonso De Gregorio <[email protected]> wrote: > On Fri, Jun 14, 2013 at 10:48 PM, Yosem Companys <[email protected]> > wrote: > > From: Toon Vanagt <[email protected]> > > > > I stumbled on this FT article with 'volume pricing' for personal data and a > > convenient estimation tool: > > http://www.ft.com/cms/s/0/f0b6edc0-d342-11e2-b3ff-00144feab7de.html#axzz2W5QWgUuR > > > > Basically, if you're a millionaire, your personal data is worth about $ > > 0.123 (if you're not, you start at: $ 0.007). > > > > The FT has build an interactive data value estimation tool. For example by > > adding ADHD to my profile I gained a stunning $ 0.200. Consider it extra > > money for 'salting data set' :) > ... > > Prices in the article & calculator seem very low and suggest that your > > 'personal data' are not really valuable to companies in a consumer society > > That is if you're not obese, don't subscribe to a gym, don't own a plane... > > Due to competition the broker prices are said to trending towards > > 'worthless'.. Data brokers seem to suggest we should not bother to protect > > something of so little economic value... > > > > Let me know if my reading between the lines is wrong. > > When the number of market players is large, "competition only exerts > weak pressure on prices" [1]. The reality is that in the today's > information economy the price paid for raw material (i.e., personal > data) is almost zero, because "it's the surveilled who are > capitalizing the system and providing much of its labor" [2]. As > remarked by Lanier, "budgets create moderation" [3] and retaining > control over our personal data would drive the prices up. > > Cheers, > Alfonso > > > [1] Gabaix X., Laibson D., Li D., Li H., Resnick S., de Vries C. G., > "The Impact of Competition on Prices with Numerous Firms", Technical > Report, http://ideas.repec.org/p/chu/wpaper/13-07.html > [2] Geer Jr. D. E., "Identity as Privacy", IEEE Security & Privacy, > Jan.-Feb. 2013, p. 96, > http://ieeexplore.ieee.org/xpl/articleDetails.jsp?arnumber=6427817 > [3] Lanier J., "Sell your data to save the economy and your future", > BBC News, http://www.bbc.co.uk/news/business-22658152 > -- > Too many emails? Unsubscribe, change to digest, or change password by > emailing moderator at [email protected] or changing your settings at > https://mailman.stanford.edu/mailman/listinfo/liberationtech -- Too many emails? Unsubscribe, change to digest, or change password by emailing moderator at [email protected] or changing your settings at https://mailman.stanford.edu/mailman/listinfo/liberationtech
