Great quote, many thanks Alonso de Gregorio: "it's the surveyed who are capitalizing the system and providing much of its labor"
And yes, I believe creating such a creative commons system/database as suggested by Ale Fernández would drive the value of all those data mining companies to where it belongs: zero. Especially given that those companies typically use open source software like hadoop et al, and just compile information freely available on the Internet. Best Regards | Cordiales Saludos | Grato, Andrés L. Pacheco Sanfuentes <[email protected]> +1 (817) 271-9619 On Sat, Jun 15, 2013 at 10:24 AM, ale fernandez <[email protected]> wrote: > 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 -- 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
