Marion Fourcade from the University of California Berkeley will give a talk on the topic “Faust in the Digital Era.” All faculty and students are invited to attend.
Abstract: The modern digital economy is built upon an implicit Faustian bargain: companies provide online services for free, and individuals ‘pay’ them back by signing intrusive terms of service that provide access to their personal data. The data is then refined and recombined to sort individuals into marketing niches, skill sets, rankings and reputations, and more. It is used for price discrimination, product differentiation, and the distribution of financial and symbolic rewards and penalties. This presentation will provide an overview of these new sorting processes, and of their existing and potential consequences for how we think about inequality in today’s society.
Contact: Michael Moehler