Experimentally Elicited Beliefs Explain Privacy Behavior
AbstractThe privacy literature has recognized a dichotomy between reported values of privacy and actual behavior. People tend to say they value privacy highly, and then behave in ways which seem to contradict these statements. In this experiment, the consequences of privacy loss were controlled using a voluntary contributions mechanism that isolated personal information from the natural world. Elicited values were higher than what has typically been observed in the literature. The evidence does not support a “privacy paradox.” Subjective expected utility maximization explains the dichotomy. Trust and asymmetric beliefs are substantial determinants of (information) values.
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Bibliographic InfoPaper provided by University of Central Florida, Department of Economics in its series Working Papers with number 2010-09.
Length: 33 Pages
Date of creation: Sep 2010
Date of revision: Feb 2011
elicitation; expected utility; privacy; privacy paradox; subjective beliefs;
Find related papers by JEL classification:
- M59 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Other
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