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Disclosure of Personal Information Under Risk of Privacy Shocks

Posted: 21 Jan 2012 Last revised: 2 Mar 2016

Nicola Jentzsch

DIW Berlin

Caterina Giannetti

University of Jena; University of Bologna - Department of Economics

Multiple version iconThere are 4 versions of this paper

Date Written: January 24, 2011


Individuals disclose an increasing amount of personal information when buying goods or services. Personal details are revealed despite the rising threat of privacy breaches at firms that collect the information. Yet, we know surprisingly little about the trade-offs individuals consider when disclosing personal information in economic transactions. We present this problem as a dynamic lottery with personal information under the risk of privacy shocks. Subjects in the experiment receive private information on whether they are a good or bad type. We explore how the notification about a privacy breach changes an individual's behavior with regard to disclosing such information. This paper describes our experimental design as well as preliminary theoretical predictions.

Keywords: Privacy, information sharing, data protection

JEL Classification: D43, L14, O30

Suggested Citation

Jentzsch, Nicola and Giannetti, Caterina, Disclosure of Personal Information Under Risk of Privacy Shocks (January 24, 2011). Available at SSRN: or

Nicola Jentzsch (Contact Author)

DIW Berlin ( email )

Mohrenstraße 58
Berlin, 10117

Caterina Giannetti

University of Jena ( email )

Furstengraben 1
Jena, Thuringa 07743

University of Bologna - Department of Economics ( email )

Strada Maggiore 45
Bologna, 40125

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