4 ms·

Ok, what more can they do with it? Is that the worst scenario? Inequal pricing? Not really a _new_ ideea, and I doubt that make a large enough impact to make m

Ok, what more can they do with it? Is that the worst scenario? Inequal pricing? Not really a _new_ ideea, and I doubt that make a large enough impact to make me care.

hnburnsy 5y ago
Expose to others that you are pregnant (reportedly)
jqpabc123 5y ago
No, that is absolutely not the worst scenario. People are being refused jobs and treated as criminal suspects based on their location profile. Insurance rates are being increased based on these profiles. Real estate agents and auto dealerships are starting to use this data in their negotiations with you.
- disgruntledphd2 5y ago
  > Insurance rates are being increased based on these profiles Let's be honest here, rich people get better insurance rates. Not because of some nefarious scheme to impoverish the poor, but because they claim less (which is the primary driver of insurance cost). Additionally, many (if not all) insurance companies use things like your home address as a factor in pricing, which again benefits people living in rich(er) areas. Firstly, I don't think that your web data would be particularly predictive for insurance, without substantial modelling/dimensionality reduction and secondly, such modelling/DR is gonna be a very difficult sell to regulators, who typically demand a fully explained model for premium calculation. Secondly, much of this is illegal in the EU, you should probably elect representatives who'll ban this for you.
  - jqpabc123 5y ago
    Firstly, I don't think that your web data would be particularly predictive for insurance... No? They use a multitude of sources (Facebook for example) and factors such as "Do you buy premium beer" to judge how much of a sucker you are and adjust their price according. There have been cases in the US with rates varying significantly among individuals who live in the same neighborhood with similar size houses and coverages. Again, the rate they initially offer and any subsequent increases depends on how much of a sucker they think you are.
    - disgruntledphd2 5y ago
      Who? I'm willing to bet substantial money that none of the major US based insurers use Facebook data in any real sense. This is one of those things that sounds plausible to people not in insurance, but I'd you look at the regulatory structure makes little sense. What they do use is prior claim history and public records (credit, driver license etc). That's most likely where the differences you've seen come from.

Ok, what more can they do with it? Is that the worst scenario? Inequal pricing? Not really a _new_ ideea, and I doubt that make a large enough impact to make me care.

hnburnsy 5y ago

Expose to others that you are pregnant (reportedly)

jqpabc123 5y ago

No, that is absolutely not the worst scenario. People are being refused jobs and treated as criminal suspects based on their location profile. Insurance rates are being increased based on these profiles. Real estate agents and auto dealerships are starting to use this data in their negotiations with you.

disgruntledphd2 5y ago
> Insurance rates are being increased based on these profiles Let's be honest here, rich people get better insurance rates. Not because of some nefarious scheme to impoverish the poor, but because they claim less (which is the primary driver of insurance cost). Additionally, many (if not all) insurance companies use things like your home address as a factor in pricing, which again benefits people living in rich(er) areas. Firstly, I don't think that your web data would be particularly predictive for insurance, without substantial modelling/dimensionality reduction and secondly, such modelling/DR is gonna be a very difficult sell to regulators, who typically demand a fully explained model for premium calculation. Secondly, much of this is illegal in the EU, you should probably elect representatives who'll ban this for you.
- jqpabc123 5y ago
  Firstly, I don't think that your web data would be particularly predictive for insurance... No? They use a multitude of sources (Facebook for example) and factors such as "Do you buy premium beer" to judge how much of a sucker you are and adjust their price according. There have been cases in the US with rates varying significantly among individuals who live in the same neighborhood with similar size houses and coverages. Again, the rate they initially offer and any subsequent increases depends on how much of a sucker they think you are.
  - disgruntledphd2 5y ago
    Who? I'm willing to bet substantial money that none of the major US based insurers use Facebook data in any real sense. This is one of those things that sounds plausible to people not in insurance, but I'd you look at the regulatory structure makes little sense. What they do use is prior claim history and public records (credit, driver license etc). That's most likely where the differences you've seen come from.