How much is your data worth?
I heard an NPR report yesterday with Emily Steel, reporter from the Financial Times, about what kind of attributes make you worth more to advertisers. She has developed an ingenious online calculator here, which you should go play with.
As you can see it cares about things like whether you’re about to have a kid or are a new parent, as well as if you’ve got some disease where the industry for that disease is well-developed in terms of predatory marketing.
For example, you can bump up your worth to $0.27 from the standard $0.0007 if you’re obese, and another $0.10 if you admit to being the type to buy weight-loss products. And of course data warehouses can only get that much money for your data if they know about your weight, which they may or may not since if you don’t buy weight-loss products.
The calculator doesn’t know everything, and you can experiment with how much it does know, but some of the default assumptions are that it knows my age, gender, education level, and ethnicity. Plenty of assumed information to, say, build an unregulated version of a credit score to bypass the Equal Credit Opportunities Act.