Powered by OpenAIRE graph
Found an issue? Give us feedback
addClaim

The Value of Personal Data: An Experimental Analysis of Data Types and Personal Antecedents

Authors: Victoria Fast; Daniel Schnurr;

The Value of Personal Data: An Experimental Analysis of Data Types and Personal Antecedents

Abstract

Experimental investigations of privacy decision-making can provide complementary insights to surveys but they raise the methodological challenge of which data type(s) to use in controlled laboratory environments. To this end, we conduct a laboratory experiment with 317 participants and elicit subjects’ data valuation (i.e., willingness-to-accept, WTA) of three different synthetic data types, which we create and collect in the laboratory. We find that subjects place positive, although different, monetary valuations on these data sets and show that these valuations are similar to subjects’ valuations of field data created at an online retailer. Moreover, we find that subjects’ WTA is significantly influenced by their gender, age, general risk attitude as well as stated privacy concerns. Finally, we find that information sensitivity mediates the relationship between data type and subjects’ WTA. Altogether, our findings provide guidance for future experimental designs on revealed privacy decision-making and the pricing of personal data brokers.

Related Organizations
  • BIP!
    Impact byBIP!
    selected citations
    These citations are derived from selected sources.
    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    4
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Top 10%
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
4
Top 10%
Average
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!