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It can be rational to sell your private information cheaply, even if you value privacy.

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It can be rational to sell your private information cheaply, even if you value privacy.
Topic: Politics and Law 7:10 am EDT, Sep  8, 2008

Ed Felten, in 2008:

One of the standard claims about privacy is that people say they value their privacy but behave as if they don’t value it. The standard example involves people trading away private information for something of relatively little value. This argument is often put forth to rebut the notion that privacy is an important policy value. Alternatively, it is posed as a “what could they be thinking” puzzle.

I used to be impressed by this argument, but lately I have come to doubt its power. Let me explain why.

... the price I charge you tells you at least as much about how well I think my privacy is protected, as it does about how badly I want to keep my location private. So the answer to “what could they be thinking” is “they could be thinking they have no privacy in the first place”.

It can be rational to sell your private information cheaply, even if you value privacy.



 
 
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