{"id":2997,"date":"2012-03-16T09:00:21","date_gmt":"2012-03-16T13:00:21","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=2997"},"modified":"2012-03-16T04:19:58","modified_gmt":"2012-03-16T08:19:58","slug":"privacy-policies-and-the-american-economy","status":"publish","type":"post","link":"http:\/\/www.Centives.net\/S\/2012\/privacy-policies-and-the-american-economy\/","title":{"rendered":"Privacy Policies and the American Economy"},"content":{"rendered":"<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/03\/030512_0335_PrivacyPoli1.png\" alt=\"\" \/><\/p>\n<p>Alexis Madrigal reports on a study done on the privacy policies that we all mindlessly agree to:<\/p>\n<ul>\n<li>The median length of the privacy policy of the 75 top websites is ~2,500 words.<\/li>\n<li>On average people read 250 words a minute.<\/li>\n<li>The average American is estimated to visit around 1500 websites a month.<\/li>\n<li>To read the privacy policy of all the websites you visit would require 76, 8-hour work days.<\/li>\n<li>Across the United States that&#8217;s 53.8 billion hours of reading time.<\/li>\n<li>This puts the opportunity cost of reading privacy policies at $781 billion \u2013 more than the GDP of Florida.<\/li>\n<\/ul>\n<p>To read more details of the analysis, why this is probably an under-estimate, and what this tells us about the way we deal with privacy, click <a href=\"http:\/\/www.theatlantic.com\/technology\/archive\/2012\/03\/reading-the-privacy-policies-you-encounter-in-a-year-would-take-76-work-days\/253851\/\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.theatlantic.com\/technology\/archive\/2012\/03\/reading-the-privacy-policies-you-encounter-in-a-year-would-take-76-work-days\/253851\/\">The Atlantic<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2012\/03\/the-calculus-of-consent.html\">Marginal Revolution<\/a><\/p>\n<p><em>Centives reserves the right to distribute information about the third toenail of your left foot. If you do not have either toenails or a left foot, you are not permitted to read Centives. We&#8217;ll miss you. <\/em>=(<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alexis Madrigal reports on a study done on the privacy policies that we all mindlessly agree to: The median length of the privacy policy of the 75 top websites is ~2,500 words. On average people read 250 words a minute. The average American is estimated to visit around 1500 websites a month. To read the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/03\/030512_0335_PrivacyPoli1.png","_links":{"self":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=2997"}],"version-history":[{"count":7,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2997\/revisions"}],"predecessor-version":[{"id":3171,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/2997\/revisions\/3171"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/2996"}],"wp:attachment":[{"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=2997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=2997"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=2997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}