Twas the prudent member gave me the wheeze


To justify its sky-high valuation, Facebook will have to increase its profit per user at rates that seem unlikely, even by the most generous predictions. Last year, we looked at just how unlikely this is.

The issue that concerns many Facebook users is this. The company is set to profit from selling user data but the users whose data is being traded do not get paid at all. That seems unfair.

Today, Bernardo Huberman and Christina Aperjis at HP Labs in Palo Alto, say there is an alternative. Why not  pay individuals for their data? (…)

If buyers choose only the cheapest data, the sample will be biased in favour of those who price their data cheaply. And if buyers pay everyone the highest price, they will be overpaying.

{ The Physics arXiv Blog | Continue reading }

drawing { Tracey Emin, Sad Shower in New York, 1995 }