Webinar Series

 

The Data Privacy Paradox and Digital Demand

A central issue in privacy governance is understanding how users balance their privacy preferences and data sharing to satisfy service demands. The authors combine survey and behavioral data of a sample of Alipay users to examine how data privacy preferences affect their data sharing with third-party mini-programs on the Alipay platform. The authors find that there is no relationship between the respondents’ self-stated privacy concerns and their number of data-sharing authorizations, confirming the puzzling data privacy paradox. Instead of attributing this paradox to the respondents’ unreliable survey responses, resignation from active protection of their data privacy, or behavioral factors in making their data-sharing choices, the authors show that this phenomenon can be explained by a curious finding that users with stronger privacy concerns tend to benefit more from using mini-programs. This positive relationship between privacy concerns and digital demands further suggests that consumers may develop data privacy concerns as a by-product of the process of using digital applications, not because such concerns are innate.

07
Sep
2022
Wednesday

Session Chair: Yi HUANG
Professor of Finance, Fudan University and Fellow of ABFER

10:00 am
The Data Privacy Paradox and Digital Demand

Long CHEN, President, Luohan Academy

Co-author:
Yadong HUANG, Economist, Luohan Academy
Shumiao OUYANG, Ph.D. candidate, Department of Economics and Bendheim Center for Finance, Princeton University
Wei XIONG, Trumbull-Adams Professor of Finance, Professor of Economics, Department of Economics and Bendheim Center for Finance, Princeton University and Senior Fellow, ABFER
10:25 am
Discussion
Discussant:
Pulak GHOSH, IIMB Chair of Excellence and Professor of Decision Sciences, Indian Institute of Management Bangalore
10:50 am
Q&A
11:10 am


Updated 12 Aug 2022

Speakers

  • Long CHEN

    Long CHEN

     

    President of Luohan Academy

    On the academic side, Long CHEN currently serves as the President of Luohan Academy, the open research platform initiated by Alibaba and a host of world-class social scientists, including seven Nobel laureates. He is also Executive Provost of Hupan Entrepreneurship Research Center, and Academic Chair of Alibaba’s Research Council. On the business practice side, as a Vice President of Alibaba, Chen chairs Alibaba’s Sustainability Steering Committee that is responsible for designing and executing Alibaba’s ESG strategy. He is also responsible for Alibaba’s future strategy. Prior to this, he was the Chief Strategy Officer of Ant Financial Group during 2014-2018.

    Chen received his Ph.D. in Finance from University of Toronto, and was a tenured professor at Olin Business School, Washington University in St. Louis. After returning to China in 2010, Chen took the position of Associate Dean of Cheung Kong Graduate School of Business (CKGSB), Professor of Finance. He was also Chairman of CKGSB’s Alumni Council.

  • Pulak GHOSH

    Pulak GHOSH

     

    Professor, Decision Sciences, Indian Institute of Management, Bangalore

    Pulak GHOSH is Professor in the Decision Sciences Area at IIMB. His key specializations are in intersection of Big data, Machine learning, Artificial Intelligence and its use in Economics, Finance, Policy and Social Value Creation. He did serve in the editorial board of Journal of the American statistical Association, Journal of the Royal statistical Society and currently serves in the editorial board of Biometrics.

    Based on his outstanding and innovative contribution to research, the International Indian Statistical Association awarded him with the "Young Scientist Award” in 2011. The Government of India awarded him the prestigious CR Rao award in 2015 and Econometric Society awarded him the Mahalanobis Award in 2016.

    Prior to joining IIMB, he served as Associate Director, Novartis Pharmaceuticals, USA, Assistant Professor, Georgia State University, and Associate Professor at Emory University, USA. He is a visiting faculty at several institutes of international repute.

  • Yi HUANG

    Yi HUANG

     

    Professor of Finance, Fudan University and Fellow of ABFER

    Prof. Huang was Pictet Chair in Finance and Development at the Graduate Institute of International and Development Studies. He was an economist in the Research Department of the IMF and a research associate of Globalization and Monetary Policy Institution in the Federal Reserve Bank of Dallas. He also has been a visiting PhD student at the UC-Berkeley and a research fellow at the Hong Kong Institute for Monetary Research as well as the visiting positions at the London Business School, MIT Sloan School of Management.

    Prof. Huang also serves at the Council on Global Economic Imbalances at the World Economic Forum. Professor Huang's research consists of international macro and finance; labor-macro-Finance and Fintech and Entrepreneurship. His recent research focuses on the influence of corporation’s financing and investment to financial market and labor market.

    Professor Huang gained his Master's degree from the China Center for Economics Research, Peking University, and his PhD in International Macroeconomic and Finance from the London Business School.

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Session Format

Each session lasts for 1 hour 10 minutes (25 minutes for the author, 25 minutes for the discussion and 20 minutes for participants' Q&A). Sessions will be recorded and posted on ABFER's web, except in cases where speakers or discussants request us not to.

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