Creating a market for unbiased private individual data
First Claim
1. A computer-implemented method for creating a market for private individual data, comprising:
- requesting information from owners of private individual data on their privacy and risk attitudes;
receiving a request for access to private individual data from a data buyer, the private individual data stored in a database;
determining, by a computer, a pricing menu listing prices and data sample sizes for the data buyer to pay for access to the private individual data based on the requested information; and
extracting, by the computer, a data sample of the private individual data from the database, the sample having a data sample size selected by the data buyer from the pricing menu.
2 Assignments
0 Petitions
Accused Products
Abstract
A market for unbiased private individual data is disclosed. A data market maker managing the market collects information from owners of private individual data on their privacy and risk attitudes. The collected information includes choices from the owners of private individual data on different pricing schemes that reflect the privacy and risk attitudes of the owners of data. The data market maker receives requests for access to private individual data from data buyers over time and determines pricing menus listing prices for the data buyers to pay for access to the private individual data based on the collected information. The data market maker compensates the owners of the private individual data for selling access to their data to the data buyers.
17 Citations
20 Claims
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1. A computer-implemented method for creating a market for private individual data, comprising:
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requesting information from owners of private individual data on their privacy and risk attitudes; receiving a request for access to private individual data from a data buyer, the private individual data stored in a database; determining, by a computer, a pricing menu listing prices and data sample sizes for the data buyer to pay for access to the private individual data based on the requested information; and extracting, by the computer, a data sample of the private individual data from the database, the sample having a data sample size selected by the data buyer from the pricing menu. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for a data market maker to create a market for private individual data, comprising:
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a processor; and a set of memory resources storing a set of modules with routines executed by the processor, the set of modules comprising; a data seller interrogation module to request information from owners of private individual data on their privacy and risk attitudes; a data pricing module to determine a pricing menu based on answers to the request for information from the owners of the private individual data; a data buyer exchange module to receive a request for private individual data and a selection on the pricing menu from a data buyer, the selection corresponding to a data sample of private individual data and a price for the data sample; a data access module to extract the sample of private individual data from one or more databases, the sample having a data sample size selected by the data buyer from the pricing menu; and a payment processing module to receive payment from the data buyer and compensate the owners of the sample of private individual data. - View Dependent Claims (12, 13, 14, 15, 16)
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17. A non-transitory computer-readable medium comprising executable instructions to:
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request information from owners of private individual data by providing them a set of data pricing options, the data pricing options to capture privacy and risk attitudes of the owners of private individual data; aggregate selections of the set of data pricing options from the owners of the private individual data; determine a pricing menu listing a set of prices for a set of samples of private individual data based on the selections; receive a selection for a price and sample of private individual data from a data buyer; extract a sample of private individual data from one or more databases, the data sample having a data sample size selected by the data buyer from the pricing menu; provide the sample of private individual data to the data buyer; and process payment from the data buyer and to owners of the selected sample of private individual data. - View Dependent Claims (18, 19, 20)
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Specification