Here's how MediaPost summarized the results:
For the study, "The Biggest Lie on the Internet," researchers gave 543 communications undergraduates the opportunity to test "Namedrop," a fictional social networking service.
It's alarming, but spending fifteen minutes trying to decipher the fine print doesn't seem very realistic.
Maybe some entrepreneur could create a site on which there's a list of apps and sites and a summary of the terms and conditions and warnings about any suspicious demands. You'd make a micro-payment of ten cents or pence for that report, then you could agree with peace of mind. Entrepreneur, a little thank you of one penny per sale will be sufficient thank you for this idea.