Earlier quoted context omitted.
Right, and the branding power of advertising is significant. It's been argued (persuasively IMO) that targeted advertising is counterproductive in this regard. Much as I find the practice annoying, a large stadium or other facility endorsement programme has a sticking power for brand awareness which a microtargeted, microsecond-auction online placement doesn't. Much the same as investing in streetfront retail space s…
I think one of the arguments for the more specific form of targeted advertising is for the measurement of impact, not that it is in some way more impactful. Assumedly that measurement can lead to more impactful ads, but we are awfully new to programmatic advertising for that to be proveable. I do know that advertisers believe targeting is valuable.
Better IMO is to look at broader measures of response. Multiple campaigns with various metrics -- coupons, response codes, promotions, differing Web URLs, etc. See what has a better measured response as an aggregate on desired outcomes.
The problem with ever-more-intrusive-and-objectionable advertising is that it turns people off.
I've largely abandoned commercial media, will consciously avoid stores whose advertising (or products) are annoying, and keep winnowing down the list of mobile service providers who are even vaguely acceptable to me (if I can possible swing it, I don't carry a phone), due in part to consideration shown their own customers.
I'm hoping that eventually those negatives will be large enough to sway practices. Google are actually in a position to have an impact, I've encouraged them on this before.