users would only seek US$3.50, according to a study of how people in various countries value their private information.
"Differences in how much people value privacy of different data types across countries suggests that people in some places may prefer weaker rules while people in other places might prefer stronger rules," Scott Wallsten, president and senior fellow at TPI told Reuters. The study found Germans want to be paid more for letting technology platforms share their personal data with third-parties followed by U.S. consumers.People across the board place the highest value on financial information such as bank balance and biometric information such as fingerprint data in particular, and consider location data the least valuable, the study found.
By contrast, people wanted to be paid only US$1.82 per month to share location data and nothing to be sent advertisements via text messages.
We say we value privacy but we actually don't - just look how we use social media. Also that's nonsense - what's the point quantifying the dollar amount... clearly people are more than happy to exchange their data for services social media platforms provide.
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