Sophistication-selection conjecture

Determine whether subjects who are most capable of evaluating a personalized-memory rights bundle also possess the most valuable personalized memories.

Background

The paper identifies a possible selection mechanism in which subjects with greater ability to understand or evaluate rights terms may also have more valuable memory. If true, this correlation would amplify the composition effects in the authorization market, because the subjects best able to protect themselves could be disproportionately valuable targets. The relationship is presented as a conjecture and remains empirically unresolved.