Engaging Major Players in Data Monitoring and Regulation : Cambridge Analytica, the Game Theory and the Nash Theory of Equilibrium (Presentation Slides)

“Perhaps the events which occur in a nation that has become accustomed to the fact that the public sphere is the favorable scenario for the satisfaction of private and sectarian interests, no longer bear the potential or capacity to surprise. However, the news that is broadcast daily by the mass media, with a touch of novelty and sensationalism - based on the need to sell advertising guidelines-, have a transversal history and a fundamental question that has been studied lightly from the academia: history, a country that founded a nation with the precept of being a solid democratic system (to the point of calling itself the Athens of South America); the question; Why has this 'solid system' not permeated local interests in territories where democracy has only served as another instrument for sustaining a system of individual privileges, protected by coercive power and complicity-institutional permissiveness?“ Mass media – as well as social media forums and platforms, have indeed assumed a commanding presence and dominance over the years – as evidenced by their impacts on recent 2016 election outcomes in the United States and the 2016 Brexit Referendum in 2016. This fact has further, been accentuated by recent revelations and allegations surrounding Cambridge Analytica's use and acquisition of, Facebook data – amidst allegations being made against the company over how it gained access to, as well as acquired, private data of Facebook users as a means of influencing voters in the elections. As well as recent events highlighting the impact of major and even local elections on capital markets, the impacts of uncertainties in these markets – as very clearly demonstrated by Brexit results and outcomes, should not be undermined. Such is the impact of uncertainties – as reflected by the weights attached to the values of data and accounting information for users in financial markets in many capital market economies. This presentation also aims to highlight that the claim that “democracy has only served as another instrument for sustaining a system of individual privileges, protected by coercive power and complicity-institutional permissiveness? “ Has been fueled and bolstered by failures to acknowledge and factor in, the growing significance of new and powerful players in the digital and political economy. The presentation also aims to highlight how and why such players should be monitored and regulated