Privacy and Deviation
Bernardo A. Huberman
Leslie R. Fine
In spite of the widespread concerns expressed about the importance of privacy, individuals frequently give away or sell a myriad of personal data. How and why people decide to transition their information from the private to the public sphere is poorly understood. To address this puzzle, we conducted a reverse second-price auction to identify the monetary value of private information to individuals and how that value is set. Our results demonstrate that deviance, whether perceived or actual, from the group's average asymmetrically impacts the price demanded to reveal private information.
Number of Pages in PDF File: 9
Keywords: Privacy, behavioral economics
JEL Classification: C92, D82, D12working papers series
Date posted: November 4, 2004
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.407 seconds