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The Attention Economy: Markets of Attention, Misinformation and Manipulation

Horn Affairs አፍሪካ ቀንድ

The Attention Economy: Markets of Attention, Misinformation and Manipulation

By Esleman Abay

April 13, 2023

Authors: Vincent F. Hendric

Abstract and Figures

According to legend, Abraham Lincoln was willing to walk several miles in order to borrow a book while growing up in Indiana during the early nineteenth century. “My best friend is the man who’ll get me a book I ain’t read,” young Lincoln is reported to have said. Literature was scarce, difficult to access, and precious. Not only literature but information in general was hard to come by. Whether news from afar, new knowledge and insight, or simple entertainment, it usually took effort and came at considerable expense to get hold of information.

Multitasking makes the quality of one’s attention wane, as witnessed in our reflexes and the scores of information absorbed

Attention is pursued for its own sake, but may also be traded for sponsor and advertising revenue. Here is Kim Kardashian trying to “break the Internet,” a metaphor for harvesting enormous amounts of online attention. (Spedding, E. (2016): “The man behind Kim Kardashian’s Paper Magazine cover on how to break the Internet,” The Telegraph, June 18, 2016, verified June 6, 2017: http:// www.telegraph.co.uk/fashion/people/the-man-behind-kim-kardashians-paper-magazine-cover-on-how-to-br/)

Strategies for catching or exploiting attention with a view to affecting behavior. (Harvard Business Review (2015), verified June 10, 2017: https://hbr.org/2015/10/when-people-pay-attention-tovideo-ads-and-why).

Artist Richard Serra’s minimalistic video work, “Television Delivers People,” from 1973. (Richard Serra (1973): “TELEVISION DELIVERS PEOPLE,” verified May 4, 2017: http://www2.nau. edu/~d-ctel/mediaPlayer/artPlayer/courses/ART300/pov1_ch1/transcript.html

The Author(s) 2019

V. F. Hendricks, M. Vestergaard, Reality Lost,

1.1 The Information Society

According to legend, Abraham Lincoln was willing to walk

several miles in order to borrow a book while growing up in

Indiana during the early nineteenth century. “My best friend

is the man who’ll get me a book I ain’t read,” young Lincoln

is reported to have said.1 Literature was scarce, difficult to

access, and precious. Not only literature but information in

general was hard to come by. Whether news from afar, new

knowledge and insight, or simple entertainment, it usually

took effort and came at considerable expense to get hold of

information.

Just a few years ago, information was much more difficult

to get hold of than it is today. Being well-informed depended

on subscribing to a newspaper, heading out to buy one, or

going to the library. Digitization and information technology

have changed all this. Today, a smartphone is enough: access

to any information of choice, let it be news, politics, or scien-

tific results; literature, entertainment, or gossip; or endearing

baby pictures or cute cat videos. Never before has so much

information been so easily accessible.

1 Holleran, A. (2008): “Such a Rough Diamond of a Man,” New York

Times, July 11, 2008. Verified June 27, 2018: http://www.nytimes.

com/2008/11/09/books/review/Holleran-t.html

Chapter 1

The Attention Economy

2

The hallmark of the information age is not that we are all

in continuous pursuit of precious information hard to access,

but the other way around: The information age offers so much information that drowning in it, or chocking on it, is the risk. The vast offer of freely available information online has made the value of information drop steeply. People grown up with the Internet expect to get their information for free and refuse to pay for newspapers, books, or entertainment prod-ucts. Not too many people would be willing to walk for miles to get hold of a book in this day and age.

1.2 The Price ofInformation

The easy access to overwhelming amounts of information, and the fact that often you don’t have to pay money for it, oesnd’t mean that information comes for free; to receive information, we pay attention. You may have access to loads information, but in order to take it in, process it, and possibly act on it, you spend your attention on it. Project Gutenberg has made more than 53,000 books freely accessible online. If you read a book a day, it will take you 145 years to get through a library that size. If you prefer video, 400 h are uploaded to YouTube every minute. The challenge today is not to find something to read or information to pay attention to; it is to find the time to read or look at the material at your disposal. With information in abundance comes an attention deficit. As early as 1971, Nobel Prize Laureate in economics Herbert Simon prophetically said about the information age to come: …in an information-rich world, the wealth of information means a dearth of something else: a scarcity of whatever it is that infor-mation consumes. What information consumes is rather obvious: it consumes the attention of its recipients.

2 Simon (1971: pp.40–41).

1. The Attention Economy

3 The fact that information consumes attention makes atten-tion a valuable resource. The information taken in is the basis of our experience and knowledge and deliberation, decision, and action.

Attention is a curious resource compared to economical means since it is more equitably distributed. Surely, some people can concentrate longer and more intensively than oth- ers. All the same, there are only marginal differences in the amount of attention each of us can spend. Attention cannot be accumulated and saved like money for a rainy day. In our waking hours, we constantly spend our attention: We are always attentive to something. A common feature of both attention and money is that spending it on one thing excludes spending it on another.

1.3 The Scarcity of Attention

Philosopher and psychologist William James (1842–1910) has described attention in a famous quote from 1890: [Attention] …is the taking possession by the mind, in clear and vivid form, of one out of what seem several simultaneously pos-sible objects or trains of thought … . It implies withdrawal from some things in order to deal effectively with others.

3In order to efficiently take in, process, and act on information, we need to focus on one thing at a time. This has been confirmed in recent cognitive research: Even if we may some-times multitask and pay attention to several things at once,

such as talking on the phone while cooking, it generally makes us slower and more prone to making mistakes. Quality wanes when we split our attention rather than focus on one single item or activity (Sternberg and Sternberg 2012)

(Fig.1.1).

3 James, W. (1890): The Principles of Psychology, Chapter XI: Attention.

Classics in the History of Psychology, Green, C.D. (ed.). Verified May 31,

2017: http://psychclassics.yorku.ca/James/Principles/prin11.htm

1.3 The Scarcity of Attention

4 Time becomes a decisive factor when attention really only may be paid to one thing at a time. But time itself is fixed and limited: No matter how much we try to get organized and optimize with to-do lists, there are only 24h in a day. We have a limited attention capacity (Kahneman 1973). This produces an upper bound for how much each of us may pay attention to, and therefore how much information we can take in and process on a daily basis.This makes the selection of informa-tion and allocation of attention of crucial importance.

Economics has been described as the “study of the alloca-tion by individuals and societies of scarce resources”

(Samuelson and Nordhaus 2010). When attention is viewed

as a scarce resource, it creates the basis for studying the infor-

mation age as an attention economy.

1.4 Information Sources

In order to obtain information about matters beyond our

immediate environment, the media is needed as vehicles and

presenters of information. This allots a very central role to the

news media. Information is to a large extent received via

F. 1. 1. Multitasking makes the quality of one’s attention wane, as

witnessed in our reflexes and the scores of information absorbed.

1. The Attention Economy

5

channels created by the media. Therefore, the media’s reli-

ability as an information source is key to how well-informed,

misinformed, or disinformed for that matter we are. If you do

not pay attention to news or politics, but allocate your atten-

tion to entertainment, it should come as no surprise that you

are hardly as informed about politics, as you would have been

had you paid attention to it. And if attention is paid to unreli-

able sources and untrustworthy information, there is a

greater risk of being deluded and duped. If attention is sys-

tematically spent on conspiratorial YouTube videos and

political propaganda sites, no surprise either it invariably will

color your perception of reality. A significant consumption of

false claims, unconfirmed rumors “alternative facts,” and fake

news may cause you to lose your grip on the real world and

relegate you to an alternative reality (Fig.1.2).

When attention is consumed by information, information

is the source of knowledge, and attention is a scarce resource,

it is important to spend attention with care. This is easier said

F. 1.2. One-sided news diets may result in distorted ideas of reality.

1.4 Information Sources

6

than done. Many actors in the information market fight dirty

to catch and harvest our attention.

1.5 The Market forAttention

Few people like being ignored, not seen nor heard by others.

As individuals, we crave at least minimal dose of attention

from other people and need it to thrive, both as children and

adults. A lot of people just can’t get enough, judging from the

present-time celebrity and reality television culture. The pur-

suit of fame as reality star on TV or as a micro celebrity (or

micro influencer) on social media may look like a pursuit of

attention for the sake of attention itself (Marwick 2015)

(Fig.1.3).

Once in possession of people’s attention, it may be trans-

ferred to others. If a stage performer points to one person in

the audience, a large part of the audience’s collective atten-

tion will be transferred from the performer to the happy fan.

If you have people’s attention, you can channel it to another

person or product and monetize it. This is the principle in

overt sponsorships and product placement alike. When the

name of the firm goes on the player’s T-shirt, or a media dar-

ling is paid to wear a brand visible to the cameras, the adver-

tiser is purchasing into the audience’s attention.

Marketing is intrinsically linked to attention harvesting.

The aim of marketing is to influence behavior. Marketing is

about persuading consumers into buying a certain product or

voting for a specific candidate. No persuasion happens if no

one is listening, reading of watching. Attention is the portal to

people’s minds and a necessary condition for all successful

communication; from teaching and knowledge presentation

to persuasion, seduction, and manipulation. This makes atten-

tion extremely valuable for everyone with something to sell.

It is the main factor in all forms of marketing, branding, and

advertising (Teixeira 2014).

Models of marketing qualify different levels of attention,

ranging from no attention to partial attention (due to multi-

1. The Attention Economy

7

F. 1.3. Attention is pursued for its own sake, but may also be

traded for sponsor and advertising revenue. Here is Kim Kardashian

trying to “break the Internet,” a metaphor for harvesting enormous

amounts of online attention. (Spedding, E. (2016): “The man behind

Kim Kardashian’s Paper Magazine cover on how to break the

Internet,”The Telegraph, June 18, 2016, verified June 6, 2017: http://

www.telegraph.co.uk/fashion/people/the-man-behind-kim-kardashi-

ans-paper-magazine-cover-on-how-to-br/).

1.5 The Market forAttention

8

tasking) to full attention (Fig.1.4). The goal is to isolate the

best marketing strategies given the attention already at the

advertisers’ disposal. If there is no attention, then attention

needs to be seized; if there is only partial attention, it needs

to be won over completely; and if someone’s undivided atten-

tion is won over, it must be kept and used as efficiently as

possible to persuade and affect behavior.

1.6 Attention Merchants

The intimate connection between attention, communication,

and marketing forms the basis of an industry that Columbia

Law School Professor Tim Wu has labelled attention mer-

chants (Wu 2016). The basic business model is quite simple:

harvest attention and resell it for marketing and advertising

purposes.

Benjamin Day was the inventor of this business model and

one of the brains behind the Penny Press in the 1830s. Back

then, newspapers such as The NewYork Times and The Wall

Street Journal cost six cents; they were luxury items for the

F. 1.4. Strategies for catching or exploiting attention with a view to

affecting behavior. (Harvard Business Review (2015), verified June

10, 2017:https://hbr.org/2015/10/when-people-pay-attention-to-

video-ads-and-why).

1. The Attention Economy

9

privileged few. In 1833, Benjamin Day launched The NewYork

Sun at one cent a paper, dumping the price.

The news criteria were also dumped. The only criterion for

the stories was how many papers they could sell. Sensational,

dramatic, and juicy crime copy was also popular back then.

Material was picked up on a daily basis from the police

departments and the courts. Crime sold newspapers. Benjamin

Day was no journalist; he was a businessman. His newspaper

took tabloid to whole new levels in order to achieve

readership—for example, running a successful series in 1835

reporting on a new “scientific” discovery of a race of bat

people inhabiting the Moon. Flavor was added to the story

with claims of the libertine and promiscuous lifestyle of the

bat people. Fake news is not a new invention (Fig.1.5 ).

When the sole criterion for success is to sell as many

papers as possible, truth is of little or no consequence, and a

lot of papers had to be sold to make the project fly. The

F. 1.5. Fake news from The NewYork Sun in 1835.

1.6 Attention Merchants

10

papers were sold at less than the production costs. Selling a

lot of papers in itself would have simply worsened the deficit.

Indeed a bad business if the real customers were the readers

paying a cent for the newspaper. In the attention merchant

business model, however, the readers are actually the product

sold to the real customers: the advertisers. The real customers

for Benjamin Day were the companies who placed ads in The

NewYork Sun to buy the attention of the readers.

The same business model is later being rehearsed on com-

mercial TV competing for eyeballs. The viewers’ attention is

sold to the paying customers in the advertising industry. The

industry in turn presents its messages and influences a broad

public audience during commercial breaks. Ever more view-

ers, ever more attention is sold, and the higher the price for

advertising seconds (Fig.1.6).

From a business perspective, TV programs are merely

means for selling what it is really all about, advertisements.

The purpose of the programs on commercial TV is to make

you watch more TV and stay on the channel. Stay tuned.

In the wake of the digital revolution, (business) history

repeats itself. As the saying goes on online social networks

F. 1.6. Artist Richard Serra’s minimalistic video work, “Television

Delivers People,” from 1973. (Richard Serra (1973): “TELEVISION

DELIVERS PEOPLE,” verified May 4, 2017: http://www2.nau.

edu/~d-ctel/mediaPlayer/artPlayer/courses/ART300/pov1_ch1/tran-

script.htm).

1. The Attention Economy

11

and platforms; if you are not paying for the product, you are

the product. If you perceive services such as Google and

Facebook as truly free of charge, you have misunderstood the

business model and your own role in it. The main default

business model online is the attention merchant. Media

researcher Douglas Rushkoff points out:

Ask yourself who is paying for Facebook. Usually the people who

are paying are the customers. Advertisers are the ones who are

paying. If you don’t know who the customer of the product you

are using is, you don’t know what the product is for. We are not

the customers of Facebook, we are the product. Facebook is sell-

ing us to advertisers.4

The attention and data of the users are the items offered

for sale to possibly third party. And similar to the casino, the

more engagement by the users, the more social media stand

to benefit. Like Robert de Niro says in Casino the movie: “In

the casino, the cardinal rule is to keep them playing and keep

them coming back. The longer they play, the more they lose.

In the end, we get it all.”

1.7 Data Collection

Corporations such as Facebook, Amazon, and Google collect

enormous amounts of data about the online behavior of

users. Together with masses of smaller players who also offer

seemingly free products, not only do they sell user attention

to advertising third parties; they sell a plethora of information

about users. This goes for all the information shared when

users fill out profiles, listing interests, age, gender, political

affinity, relationship status, etc. Every piece of information

given up has value when aggregated. This also applies to a

heap of data constantly generated about our online behavior

through cookies and other invisible tracking systems. Data

4 Solon, O. (2011):“You are Facebook’s product, not customer,” Wired,

September 21, 2011. Verified May 4, 2017: http://www.wired.co.uk/arti-

cle/doug-rushkoff-hello-etsy

1.7 Data Collection

12

about everything, from searches and search patterns, visited

pages, and engagement on social media to e-mail contacts

and consumption patterns, are collected. Unless your phone

came out of the ark, the same goes for your physical move-

ments. If a child has a Hello Barbie doll, it collects and sends

information back to the producer Mattel about what the child

talks about, likes, and wishes for.5 The collected data may be

traded in a flourishing market where information on users

and citizens is a valuable asset. Online surveillance and resale

of the information generated by the surveillance is a growing

industry. Already in 2012, the American data broker industry

generated revenues ($156billion) exceeding twice the amount

the US government allocated to its whole intelligence

budget.6

With data collection, online media and businesses have

taken things a step further than earlier attention merchants.

Not only do they sell the audience’s attention; the collected

information is used to target ads for each individual user so

that the ads hits home pertaining to user needs, interests, and

stances. In Facebook’s own words:

We want our advertising to be as relevant and interesting as the

other information you find on our Services. With this in mind, we

use all of the information we have about you to show you relevant

ads.7

In less unequivocal terms, users are being monitored to the

end of making economic profit by selling information about

users along with their attention to third parties. Corporations

like Facebook and Google secure their profit by means of a

5 Marr, B. (2016): “Barbie Wants To Chat With Your Child—But Is Big

Data Listening In?”, Forbes, December 17, 2015. Verified June 12, 2017:

https://www.forbes.com/sites/bernardmarr/2015/12/17/barbie-wants-

to-chat-with-your-child-but-is-big-data-listening-in/#2b31020a2978

6 Senator John D.Rockefeller IV (2013). “What Information Do Data

Brokers Have on Consumers, and How Do They Use It?” December 18,

2013, Verified June 27, 2018:https://www.gpo.gov/fdsys/pkg/CHRG-

113shrg95838/pdf/CHRG-113shrg95838.pdf

7 Facebook Data Policy, verified 04.05.2017: https://www.facebook.com/

privacy/explanation

1. The Attention Economy

13 business model that is based on surveillance (Taplin 2017).,Surveillance provides information about the surveilled that may be (mis)used to persuade, trick, and manipulate more effectively.

1.8 Hit Them Where It Hurts The amount of collected data combined with powerful com-puters make it possible to predict quite personal things that users otherwise would not share publicly. Even if you do not state your gender and age and where you live, all the other data points collected from your phone, your computers, your credit cards, etc. are enough for this basic information to be computed with accuracy. And this knowledge is worth a lot in marketing terms. It is much easier to persuade someone to do something or influence their behavior if you know them and know which buttons to push.

The company Target decided to compute whether women were pregnant, even if they had not given that information.

That would be useful for marketing during the pregnancy:

“We knew that if we could identify them in their second tri-mester, there’s a good chance we could capture them for years …As soon as we get them buying diapers from us,they’re going to start buying everything else too.”8 Target suc-ceeded in this profiling endeavor. About a year after the

onset of this pregnancy-targeted marketing campaign, a

father turned up in one of the stores, upset that his 17-year-

old daughter had received a pregnancy-related advertising

e-mail. When the store manager spoke to the father over the

phone later, it was the father who apologized; his daughter

was actually pregnant.9 It doesn’t stop with pregnancy predic-

tions. Big data’s power of prediction may also establish your

8 Duhigg, C. (2016): “How Companies Learn Your Secrets,” New York

Times, February 16, 2016. Verified June 12, 2017: http://www.nytimes.

com/2012/02/19/magazine/shopping-habits.html?pagewanted=all&_r=1

9 Ibid.

1.8 Hit Them Where It Hurts

14

political views, religious beliefs, sexual orientation, and other

very private, personal, but very useful information.

These data may be used for other purposes than showing

you “relevant” advertising, as Facebook so nicely puts it. The

information may be abused in aggressive predatory advertis-

ing, where people stuck between a rock and a hard place are

targeted right where they hurt the most. Cathy O’Neil, Ph.D.

in Mathematics at Harvard University, activist, and author of

the book Weapons of Math Destruction (2016), points out

that if someone is in possession of people’s zip codes, demo-

graphics, habits, interests, and consumer preferences, they

may use this information to effectively target ads specifically

to people under social and economic pressure. If you have

trouble making ends meet, you get fast and furious offers of

payday loans at extremely high interest rates. If you are stuck

in a steady job with little chance of climbing the career lad-

der, you are offered courses at expensive universities.The

idea behind predatory advertising is:

… to localize the most vulnerable persons and use their private

information against them. This involves figuring out where they

hurt the most, their so-called pain point.10

Vulnerable people are subjected to “false or overpriced

promises”11 by leveraging their weak points. It is documented

that data brokers have sold lists consisting of possible “tar-

gets” for predatory advertising of snake oil or worse that

include rape survivors, addresses of Domestic Violence

Shelters, senior citizens suffering from dementia, HIV/AIDS

sufferers, people with diseases and prescriptions taken

(including cancer and mental illness), and people with addic-

tive behaviors and alcohol, gambling, and drug addictions.12

10 O’Neil (2016: pp.72–73).

11 Ibid. p.70.

12 Report to the General Assembly of the Data Broker Working Group

issued pursuant to Act 66 of 2017, december 15, 2017, verified 29.06.2018:

http://ago.vermont.gov/wp-content/uploads/2018/02/2017-12-15-Data-

Broker-Working-Group-Report.pdf

1. The Attention Economy

15

Data-borne precision marketing is also exploited in politi-

cal campaigns and ads. If you know the voters’ profiles, it is

much easier to persuade, seduce, or manipulate them and

hence influence which candidate they vote for or if need be

make them stay at home on election day. With the right data,

you may be able to modify behavior and maybe even influ-

ence election results.

Money may buy you both the attention of voters and the

information needed to influence their behavior in the desired

direction. Barack Obama’s campaign did it as early as 2008,

when digital micromarketing became a big thing in American

politics. Over a billion targeted e-mails were sent, particularly

to young people and members of minorities in order to mobi-

lize them to vote for the first time and vote for Obama.13

Targeted political micromarketing reached a new level and

took a dark turn in the Brexit referendum in the UK and in

the 2016 Presidential Election in the USA.Both Leave.EU

and Trump’s campaign hired the firm Cambridge Analytica,

which marketed itself as “using data to change audience

behavior” in both commercial and political advertising.14

When the Facebook-Cambridge Analytica Data Scandal

broke recently, it came forth that Cambridge Analytica in

2014 started scraping personally identifiable information of

up to 87million Facebook users without their knowledge or

consent.15 The numbers are possibly even higher. With suffi-

cient data about the electorate, it is possible better to manage

it emotionally praying on pain points. This may be put to

shady use as part of a “voter disengagement” tactic to demo-

bilize the opponent’s supposed supporters, so they do not

13 Nisbet, M. (2012): “Obama 2012: The Most Micro-Targeted Campaign

in History?”, Big Think April 30, 2012. Verified June 24, 2017: http://big-

think.com/age-of-engagement/obama-2012-the-most-micro-targeted-

campaign-in-history

14 Cambridge Analytica, verified June 10, 2017: https://cambridgeanalyt-

ica.org/

15 “The Cambridge Analytica Files,” The Guardian, 2018. Verified, June

13, 2018:https://www.theguardian.com/news/series/cambridge-analytica-

files

1.8 Hit Them Where It Hurts

16

vote at all. This tactic is reported to have been employed in

the American presidential election to discourage African-

Americans to vote for Hillary Clinton.16 Another tactic is to

fuel anger and tensions, divisions, and conflict to the benefit

of one’s client.This method seems to have been employed in

Kenya, where a lot of extremely divisive political messaging

and targeted misinformation packages were observed during

the 2017 election. Opening Pandora’s box of political tar-

geted micromarketing leveraging pain points may not only be

damaging to the civility of democratic deliberation and par-

ticipation. It may pose a danger to peace and stability. As

Lucy Pardon, Privacy International Policy Officer, notes:

The potential data-gathering could be extremely intrusive, includ-

ing sensitive personal data such as a person’s ethnicity. In a coun-

try like Kenya, where there is history of ethnic tensions resulting

in political violence, campaigning based on data analytics and

profiling is untested ground fraught with great risk.17

Many developing countries and emerging economies are at

least as sensitive as the USA and UK to data misuse, misin-

formation, and fake news operations. At the same time, and

at rapid pace, these new territories have caught the eye of the

attention merchants and their entourage of big data analytics

and demographic profiling to potentially hit the developing

countries where it really hurts: on political

self-determination.

There are dismal and even dystopian prospects in an atten-tion and data economy where companies collect and appro-priate personal information, commodify users into products,

16 Burns, J. (2018). “Whistleblower: Bannon Sought To Suppress Black

Voters With Cambridge Analytica,” Forbes, May 19, 2018, verified

29.06.2018: https://www.forbes.com/sites/janetwburns/2018/05/19/cambridge-analytica-whistleblower-bannon-sought-to-suppress-black-voters/#61a56d707a95

17 Mirello, N., Gilbert, D., and Steers, J. (2018). “Kenyans Face a Fake News Epidemic,”VICE, May 22, 2018. Verified June 13, 2018: https://news.vice.com/en_us/article/43bdpm/kenyans-face-a-fake-news-epidemic- they-want-to-know-just-how-much-cambridge-analytica-and-facebook- are-to-blame

1. The Attention Economy

17 and employ the gathered information against the very users to fficiently manipulate and influence behavior (see Chap.7).

There is a lot of money in politics. The bulk of the cam-

paign gold is spent on buying attention and influence on

radio, TV, and the Internet. However, precious attention may

come for free. The attention politicians are able to secure

through exposure and time allotted to speaking, making

headlines and set the agenda on the mass media’s news cov-

erage come without charge.

Open Access This chapter is licensed under the terms of the Creative

Commons Attribution 4.0 International License (http://creativecom-

mons.org/licenses/by/4.0/), which permits use, sharing, adaptation, distri-

bution and reproduction in any medium or format, as long as you give

appropriate credit to the original author(s) and the source, provide a

link to the Creative Commons license and indicate if changes were

made.

The images or other third party material in this chapter are included in

the chapter’s Creative Commons license, unless indicated otherwise in a

credit line to the material. If material is not included in the chapter’s

Creative Commons license and your intended use is not permitted by

statutory regulation or exceeds the permitted use, you will need to obtain

permission directly from the copyright holder.

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