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marketplace-for-attention
The conceptualization of advertising as a market where user attention is bought and sold between platforms and advertisers.
1 chapter across 1 book
Subprime Attention Crisis (2021)Hannah Fry
Full Text
The chapter opens with a prologue describing the Programmatic I/O conference, highlighting a critical talk by academic Nico Neumann that challenges the efficacy of data-driven, AI-enhanced online advertising by exposing its reliance on inaccurate data and misleading algorithms. The introduction contextualizes the dominance of advertising as the primary business model underpinning the internet's economic structure, emphasizing the consolidation of power among major players like Google and Facebook, while also acknowledging the negative societal impacts and inherent biases generated by this model.