Thomson Reuters Speaker Series: Ryan Calo

Thursday, March 28, 2013 - 12:00pm
Yale Law School See map
127 Wall Street
New Haven, CT 06520
Event description: 

Taking Data Seriously: Market Manipulation In The Digital Age[[{"type":"media","view_mode":"media_large","fid":"166","attributes":{"alt":"","class":"media-image","height":"200","style":"margin: 5px; width: 150px; height: 225px; float: right;","width":"149"}}]]

ABSTRACT: More than a decade has passed since Jon Hanson and Doug Kysar developed the concept of “market manipulation,” i.e., the exploitation of non-­‐rational consumer tendencies to influence or determine a market.  Market manipulation is an elegant way to think about a range of consumer problems and the theory is widely cited by academics.  But its impact on regulatory policy has been modest.  If anything, regulators have themselves developed a taste for “nudging” citizens toward policy goals.


Recent developments in “big data” and the psychology of advertising have the potential vastly to accelerate the phenomenon of market manipulation. Thus invigorated, market manipulation begins to present substantial harm to individuals and society that regulators can scarcely ignore.  Better privacy laws can mitigate the impact, but it may prove necessary to tackle the growing information asymmetries between firms and consumers head on through a combination of transparency, education, and perhaps even a duty of fair dealing.

BIO: Professor Ryan Calo researches the intersection of law and emerging technology. His work on drones, driverless cars, privacy, and other topics has appeared in law reviews and major news outlets, including the New York Times, the Wall Street Journal, and NPR. Professor Calo serves on numerous advisory boards, including the Electronic Privacy Information Center, the Electronic Frontier Foundation, the Future of Privacy Forum, and National Robotics Week. Professor Calo co-chairs the Robotics and Artificial Intelligence committee of the American Bar Association.  Professor Calo previously served as a director at the Stanford Law School Center for Internet and Society where he remains an affiliate scholar. He also worked as an associate in the Washington, D.C. office of Covington & Burling LLP and clerked for the Honorable R. Guy Cole on the U.S. Court of Appeals for the Sixth Circuit. Prior to law school, Professor Calo investigated allegations of police misconduct in New York City.


Thomson Reuters Initiative on Law and Technology
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