Privacy and Rationality in Individual Decision Making

IEEE Security & Privacy, 3(1): 26-33 Feb 2005 http://doi.org/10.1109/MSP.2005.22

Posted: 6 Jan 2019 Last revised: 18 Jan 2023

See all articles by Alessandro Acquisti

Alessandro Acquisti

Carnegie Mellon University - H. John Heinz III School of Public Policy and Management

Jens Grossklags

Technische Universität München (TUM) - Department of Informatics; Pennsylvania State University

Date Written: 2005

Abstract

Traditional theory suggests consumers should be able to manage their privacy. Yet, empirical and theoretical research suggests that consumers often lack enough information to make privacy-sensitive decisions and, even with sufficient information, are likely to trade off long-term privacy for short-term benefits.

Keywords: Privacy, Rationality, Individual Decision Making

Suggested Citation

Acquisti, Alessandro and Grossklags, Jens and Grossklags, Jens, Privacy and Rationality in Individual Decision Making (2005). IEEE Security & Privacy, 3(1): 26-33 Feb 2005 http://doi.org/10.1109/MSP.2005.22, Available at SSRN: https://ssrn.com/abstract=3305365

Alessandro Acquisti (Contact Author)

Carnegie Mellon University - H. John Heinz III School of Public Policy and Management ( email )

Pittsburgh, PA 15213-3890
United States
412-268-9853 (Phone)
412-268-5339 (Fax)

Jens Grossklags

Pennsylvania State University ( email )

College of Information Sciences and Technology
IST Building
University Park, PA 16802
United States

Technische Universität München (TUM) - Department of Informatics

Boltzmannstr. 3
Garching bei München, Bavaria 85748
Germany

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