In theory I agree, but the somewhat depressing realization is that your data is not especially valuable in and of itself.
The marginal value of your data with respect to 10,000,000 other people's data is almost (but not quite) nothing. The value is in the whole.
It might work well if significantly large groups of people got together and collectively sold their data - say 100,000 or more. That would be kind of cool - "hey we are 100,000 people with X demographics and are willing to share Y data for Z dollars.
Doing it on an individual basis may be a symbolic victory, but that would likely be it. "Personal" data has a huge asymmetry in value. There is some Danny Kahneman in here somewhere - I bet people would value their own data 10x what they value a random person's at.
In my opinion people would on average refuse to sell their data individually because what it is actually worth would almost certainly be lower (probably much lower) than they'd imagine, and that sounds like it would make people sad not happy.
It might work well if significantly large groups of people got together and collectively sold their data - say 100,000 or more. That would be kind of cool - "hey we are 100,000 people with X demographics and are willing to share Y data for Z dollars.
Doing it on an individual basis may be a symbolic victory, but that would likely be it. "Personal" data has a huge asymmetry in value. There is some Danny Kahneman in here somewhere - I bet people would value their own data 10x what they value a random person's at.
In my opinion people would on average refuse to sell their data individually because what it is actually worth would almost certainly be lower (probably much lower) than they'd imagine, and that sounds like it would make people sad not happy.