Having selected "I find this ad annoying or not interesting" numerous times without any effect. What is this algorithm behind that thinking? Certainly not a good way to get some ad revenue from me (tbh I'm a lost cause anyway in that regard.. can count the no. of ad clicks I ever made on one hand. So I guess LI is helping me here).
Other mediums of advertising sell you a specific ad on a certain page of a website/newspaper/magazine/etc. You have no idea how many people really look at it. You make your decision on if the site/paper/zine attracts the crowd you are interested in. Buying TV/Radio ads also says for your ad buy you will get X number of ads in certain time spots, or for more money you can have your ad played during specific times during specific shows. Again, you have no idea on the exact number of people seeing/hearing your ad, but at least you know it's getting played.
If the option doesn't work than that seems like an issue on the part of LI, either dishonesty (pretending it does something when it doesn't) or incompetence. Given the company we're talking about, neither would surprise me.
"They're sometimes called "placebo buttons" -- buttons that are mechanically sound and can be pushed, but provide no functionality. Like placebo pills, however, these buttons may still serve a purpose, according to Ellen Langer, a Harvard psychologist who pioneered a concept known as the "illusion of control." "They do have a psychological effect," she said in a phone interview. "Taking some action leads people to feel a sense of control over a situation, and that feels good, rather than just being a passive bystander."
[0] https://www.cnn.com/style/article/placebo-buttons-design/ind...
Just because you're not interested in hearing it doesn't mean advertisers don't want to try to tell you anyway.
Dunno if they actually use that info though.