Prizes for Saving: The Social Mobility Case

Curated on Posted on by Stefaan Verhulst

Stuart Butler at Brookings: “The American Savings Promotion Act (H.R. 3374), a bipartisan bill passed by the House of Representatives this week (yes, it does sometimes happen) could lift economic mobility in America by boosting savings, especially in lower income neighborhoods. The bill removes legal impediments to banks and thrift institutions offering “prize-linked savings” products (PLS). There’s a companion bill awaiting action in the Senate.
Building personal savings is a critical element in moving up the economic ladder. A cushion of capital can tide a household over a setback, such as unexpected health costs, and help mobility in a positive way, such as moving across town for a better job. Developing the habit of saving, even in a small scale, is connected to other positive behaviors, such as completing college….

All Should Seek Prizes (For Saving)

Prize-linked savings (PLS) accounts aim to entice people into saving more. Unlike traditional savings accounts, which now pay out a fraction of one percent interest, institutions offering PLS pool the interest from all accounts, hold a drawing and distribute the accumulated interest as “prizes”, from a few dollars to a million or more. It appeals to the gambler’s instinct, like a lottery. But unlike a lottery, a “loser” still ends up with a bundle of savings.
PLS accounts have a long history and there are versions in several countries. The United Kingdom has been a leader, establishing national premium bonds in 1957, dubbed “savings with a thrill.” The bonds pay no interest, but each year bond-holders have chances of winning from the equivalent of a few dollars to about $1.5 million. Roughly one-third of Britons own the bonds, with a disproportionate number of modest-income individuals and first-time savers as bondholders.

Moving to Prize-Linked Savings

Some U.S. states have opened the door through state laws that permit credit unions to open PLS accounts. For instance, in 2009 a group of Michigan credit unions established “Save to Win” accounts, with monthly prizes ranging up to thousands of dollars, that successfully attracted non-traditional savers. Federally-charted financial institutions have so far been prevented from offering PLS accounts by unduly wide statutes and regulations, aimed mainly at organized crime. The new bill would curb the impact of those laws and enable PLS accounts to flourish. Let’s hope the Senate follows suit.”

Experiments on Crowdsourcing Policy Assessment

Curated on Posted on by Stefaan Verhulst

Paper by John Prpić, Araz Taeihagh, and James Melton Jr for the Oxford Internet Institute IPP2014: Crowdsourcing for Politics and Policy: “Can Crowds serve as useful allies in policy design? How do non-expert Crowds perform relative to experts in the assessment of policy measures? Does the geographic location of non-expert Crowds, with relevance to the policy context, alter the performance of non-experts Crowds in the assessment of policy measures? In this work, we investigate these questions by undertaking experiments designed to replicate expert policy assessments with non-expert Crowds recruited from Virtual Labor Markets. We use a set of ninety-six climate change adaptation policy measures previously evaluated by experts in the Netherlands as our control condition to conduct experiments using two discrete sets of non-expert Crowds recruited from Virtual Labor Markets. We vary the composition of our non-expert Crowds along two conditions: participants recruited from a geographical location directly relevant to the policy context and participants recruited at-large. We discuss our research methods in detail and provide the findings of our experiments.”
Full program of the Oxford Internet Institute IPP2014: Crowdsourcing for Politics and Policy can be found here.

Five Cities Selected As Winners in Bloomberg Philanthropies 2014 Mayors Challenge

Curated on Posted on by Stefaan Verhulst

Bloomberg Philanthropies: “Grand Prize Winner Barcelona Aims to Create Digital and Community ‘Trust Network’ for Each of its At-Risk Elderly Residents
Athens, Greece; Kirklees in Yorkshire, UK; Stockholm, Sweden; and Warsaw, Poland Also Win Funds for Innovative Solutions to Pressing Urban Challenges
Bloomberg Philanthropies today announced the winners in its 2014 Mayors Challenge, an ideas competition that encourages cities to generate innovative ideas that solve major challenges and improve city life – and that have the potential to spread to other cities.
Barcelona will receive the Mayors Challenge Grand Prize for Innovation and €5 million toward its proposal to create a digital and community ‘trust network’ for each of its at-risk elderly residents. Mayors Challenge innovation prizes also were awarded to Athens, Greece, Kirklees in Yorkshire, UK, Stockholm in Sweden, and Warsaw in Poland. Each of which will receive €1 million to support implementation of their unique ideas. The winners proposed solutions that address some of Europe’s most critical issue areas: unemployment, energy efficiency, obesity, aging and improving the overall effectiveness and efficiency of government. The ideas are further described below.
“To meet the biggest challenges of the 21st century, city leaders must think creatively and be unafraid to try new things – and the Mayors Challenge is designed to help them do that,” said Michael R. Bloomberg, founder of Bloomberg Philanthropies. “We received great proposals from all over Europe, and the competition over the past year has been fierce. The decision for our selection committee was not easy, but the five winning ideas we announced today represent the best of the best, and all have the potential to improve lives. Cities are shaping the future of our planet, and Bloomberg Philanthropies is committed to helping mayors pioneer new innovations – and to helping their most promising ideas spread around the world.”…
Barcelona, Spain: Collaborative Care Networks for Better Aging
More than one in five Barcelona residents is over 65, and by 2040, one in four will be. As lives grow longer, Barcelona – like many cities globally – is grappling with new health problems and debilitating social isolation. To address this growing problem, Barcelona will use digital and low-tech strategies to create a network of family members, friends, neighbors, social workers, and volunteers who together make up a “trust network” for each at-risk elderly resident. This will help identify gaps in care, enable coordination of support, and promote quality of life….
Further detail and related elements for this year’s Mayors Challenge can be found here. “

Journey tracking app will use cyclist data to make cities safer for bikes

Curated on Posted on by Stefaan Verhulst

Springwise: “Most cities were never designed to cater for the huge numbers of bikes seen on their roads every day, and as the number of cyclists grows, so do the fatality statistics thanks to limited investment in safe cycle paths. While Berlin already crowdsources bikers’ favorite cycle routes and maps them through the Dynamic Connections platform, a new app called WeCycle lets cyclists track their journeys, pooling their data to create heat maps for city planners.
Created by the UK’s TravelAI transport startup, WeCycle taps into the current consumer trend for quantifying every aspect of life, including journey times. By downloading the free iOS app, London cyclists can seamlessly create stats each time they get on their bike. They app runs in the background and uses the device’s accelerometer to smartly distinguish walking or running from cycling. They can then see how far they’ve traveled, how fast they cycle and every route they’ve taken. Additionally, the app also tracks bus and car travel.
Anyone that downloads the app agrees that their data can be anonymously sent to TravelAI, creating an accurate and real-time information resource. It aims to create tools such as heat maps and behavior monitoring for cities and local authorities to learn more about how citizens are using roads to better inform their transport policies.
WeCycle follows in the footsteps of similar apps such as Germany’s Radwende and the Toronto Cycling App — both released this year — in taking a popular trend and turning into data that could help make cities a safer place to cycle….Website: www.travelai.info“

From #Ferguson to #OfficerFriendly

Curated on Posted on by Stefaan Verhulst

at Bloomberg View: “In the tiny town of Jun, Spain, (population: 3,000) meeting rooms in city hall have their own Twitter accounts. When residents want to reserve them, they send a direct message via Twitter; when it’s time, the door to the room unlocks automatically in response to a tweet. Jun’s mayor, Jose Antonio Rodriguez, says he coordinates with other public servants via Twitter. Residents routinely tweet about public services, and city hall answers. Every police officer in Jun has a Twitter handle displayed on his uniform.
Now the New York Police Department, the largest in the U.S., is starting a broad social media initiative to get every precinct talking and listening online via Twitter, to both serve citizens and manage police personnel. The question is whether the kind of positive, highly local responsiveness the residents of Jun expect is possible across all parts of local government — not just from the police — in a big city. If it works, the benefits to the public from this kind of engagement could be enormous.
In the age of Michael Brown’s death in Ferguson, Missouri, and Eric Garner‘s in New York, when police abuses can be easily documented by citizens wielding smartphones, relationships between police departments and the communities they serve can quickly become strained. And social media use by the police runs the risk of being initially dismissed as a publicity stunt. But after decades of losing the trust of important New York City communities, this step may help the department gain civic support.
There will be bumps along the way. Last spring, the NYPD kicked off a social media campaign, asking people to share photos accompanied by the Twitter hashtag #myNYPD. Within 24 hours the hashtag was famous worldwide, as activists posted pictures of clashes between residents and the police. But Commissioner Bill Bratton brushed off the criticism, calling the pictures old news and saying the media event was not going to cause the NYPD to change its plans to be active on social media. “I welcome the attention,” he said.
Bratton will roll out a long list of social media efforts this week. The NYPD is training its dozens of commanding officers to understand and use Twitter on their own, both to ask questions and to respond timely to comments and concerns. For example, police in New York City spend a lot of time looking for missing people; now they will be able to get assistance from eyes on the street…”

The Stasi, casinos and the Big Data rush

Curated on Posted on by Stefaan Verhulst

Book Review by Hannah Kuchler of “What Stays in Vegas” (by Adam Tanner) in the Financial Times: “Books with sexy titles and decidedly unsexy topics – like, say, data – have a tendency to disappoint. But What Stays in Vegas is an engrossing, story-packed takedown of the data industry.

It begins, far from America’s gambling capital, in communist East Germany. The author, Adam Tanner, now a fellow at Harvard’s Institute for Quantitative Social Science, was in the late 1980s a travel writer taking notes on Dresden. What he did not realise was that the Stasi was busy taking notes on him – 50 pages in all – which he found when the files were opened after reunification. The secret police knew where he had stopped to consult a map, to whom he asked questions and when he looked in on a hotel.
Today, Tanner explains: “Thanks to meticulous data gathering from both public documents and commercial records, companies . . . know far more about typical consumers than the feared East German secret police recorded about me.”
Shining a light on how businesses outside the tech sector have become data addicts, Tanner focuses on Las Vegas casinos, which spotted the value in data decades ago. He was given access to Caesar’s Entertainment, one of the world’s largest casino operators. When chief executive Gary Loveman joined in the late 1990s, the former Harvard Business School professor bet the company’s future on harvesting personal data from its loyalty scheme. Rather than wooing the “whales” who spent the most, the company would use the data to decide which freebies were worth giving away to lure in mid-spenders who came back often – a strategy credited with helping the business grow.
The real revelations come when Tanner examines the data brokers’ “Cheez Whiz”. Like the maker of a popular processed dairy spread, he argues, data brokers blend ingredients from a range of sources, such as public records, marketing lists and commercial records, to create a detailed picture of your identity – and you will never quite be able to pin down the origin of any component…
The Big Data rush has gone into overdrive since the global economic crisis as marketers from different industries have sought new methods to grab the limited consumer spending available. Tanner argues that while users have in theory given permission for much of this information to be made public in bits and pieces, increasingly industrial-scale aggregation often feels like an invasion of privacy.
Privacy policies are so long and obtuse (one study Tanner quotes found that it would take a person more than a month, working full-time, to read all the privacy statements they come across in a year), people are unwittingly littering their data all over the internet. Anyway, marketers can intuit what we are like from the people we are connected to online. And as the data brokers’ lists are usually private, there is no way to check the compilers have got their facts right…”

Developing Public Policy To Advance The Use Of Big Data In Health Care

Curated on Posted on by Stefaan Verhulst

Paper by Axel Heitmueller et al in Health Affairs:  “The vast amount of health data generated and stored around the world each day offers significant opportunities for advances such as the real-time tracking of diseases, predicting disease outbreaks, and developing health care that is truly personalized. However, capturing, analyzing, and sharing health data is difficult, expensive, and controversial. This article explores four central questions that policy makers should consider when developing public policy for the use of “big data” in health care. We discuss what aspects of big data are most relevant for health care and present a taxonomy of data types and levels of access. We suggest that successful policies require clear objectives and provide examples, discuss barriers to achieving policy objectives based on a recent policy experiment in the United Kingdom, and propose levers that policy makers should consider using to advance data sharing. We argue that the case for data sharing can be won only by providing real-life examples of the ways in which it can improve health care.”

Value Based Prioritisation of Open Government Data Investments

Curated on Posted on by Stefaan Verhulst

 This ePSI platform: “This ePSI platform topic report explores how Governments are increasingly prioritising their investments in Open Government Data on the basis of the value that can be unlocked by opening up government datasets.
The report elaborates on a working definition for high value datasets from different dimensions, both from the perspective of the data publisher and data re-user. This working definition has been used to identify and prioritise datasets to be listed on the European Union Open Data Portal, allowing EU institutions to better determine which new datasets should be published with priority, or to identify which high value datasets already listed on the portal should be improved with priority.”

EU: GLOW (Global Legislative Openness Week)

Curated on Posted on by Stefaan Verhulst

GLOW is a celebration of open, participatory legislative processes around the world as well as an opportunity for diverse stakeholders to collaborate with one another and make progress toward adopting and implementing open-government commitments. The week is being led by the Legislative Openness Working Group of the Open Government Partnership, which is co-anchored by the National Democratic Institute and the Congress of Chile. 
The campaign kicks off with the International Day of Democracy on September 15, and throughout the 10 days you are invited to share your ideas and experiences, kickstart new transparency tools and engage members of your community in dialogue. Learn more about the global open government movement at OGP, and stay tuned into GLOW events by following this site and #OpenParl2014.
Where will GLOW be happening?
GLOW will connect a range of legislative openness activities, organized independently by civil society organizations and parliaments around the world. You can follow the action on Twitter by using the hashtag #OpenParl2014. We hope the GLOW campaign will inspire you to design and organize your own event or activity during this week. If you’d like to share your event and collaborate with others during GLOW, please send us a note.
The week’s festivities will be anchored by two Working Group meetings of civil society and parliamentary members. Beginning on the International Day of Democracy, September 15, the Working Group will host a regional meeting on expanding civic engagement through parliamentary openness in Podgorica, Montenegro, hosted in partnership with the Parliament of Montenegro. The week will conclude with the Working Group’s annual meeting in Chile, on September 25 and 26, 2014, where members will discuss progress made in the year since the Working Group’s launch. This meeting coincides with the 11th Plenary Assembly of ParlAmericas, an independent network composed of the national legislatures of the 35 independent states of the Americas, which will also consider issues of legislative openness as part of its meeting….” (More)

With Wikistrat, crowdsourcing gets geopolitical

Curated on Posted on by Stefaan Verhulst
Aaron Stanley in the Financial Times: “In January, while the world was focused on the build up to the Winter Olympics in Sochi, a team of analysts scattered around the globe huddled in front of their computer screens and forecast that ethnic strife in Ukraine would lead to the eventual incorporation of Crimea into neighbouring Russia.

Much to the surprise of western intelligence, in a matter of weeks Vladimir Putin’s troops would occupy the disputed peninsula and a referendum would be passed authorising secession from Ukraine.

That a dispersed team of thinkers – assembled by a consultancy known as Wikistrat – could out-forecast the world’s leading intelligence agencies seems almost farcical. But it is an eye-opening example of yet another way that crowdsourcing is upending conventional wisdom.
Crowdsourcing has long been heralded as a means to shake up stale thinking in corporate spheres by providing cheaper, faster means of processing information and problem solving. But now even traditionally enigmatic defence and intelligence organisations and other geopolitical soothsayers are getting in on the act by using the “wisdom of the crowd” to predict how the chips of world events might fall.
Meanwhile, companies with crucial geopolitical interests, such as energy and financial services firms, have begun commissioning crowdsourced simulations of their own from Wikistrat to better gauge investment risk.

While some intelligence agencies have experimented with crowdsourcing to gain insights from the general public, Wikistrat uses a “closed crowd” of subject experts and bills itself as the world’s first crowdsourced analytical services consultancy.

A typical simulation, run on its interactive web platform, has roughly 70 participants. The crowd’s expertise and diversity is combined with Wikistrat’s patented model of “collaborative competition” that rewards participants for the breadth and quality of their contributions. The process is designed to provide a fresh view and shatter the traditional confines of groupthink….”