I’ve been online since 1995 and have rarely read online privacy policies in detail – think Facebook, Google, Ebay, etcetera. I just check the box and click “I Agree.”
Turns out I’m not alone. Recent research suggests that the most of us skip over these policy statements. Net – they are too long, too technical or sometimes understood as a promise that security measures are in place. Behavioral economists call this type of behavior “future discounting.” It’s when we ignore potential for negative consequences in favor of an immediate payoff.