@article{7f01fcf33d324609b87359badd082bab,
title = "Privacy and rationality in individual decision making",
abstract = "The role and feasibility of consumer's privacy and rationality in individual decision making is discussed. Theoretical and empirical approaches aimed at investgating the drivers and apparent inconsistencies of privacy decision making and behavior are presented. Theoritical groundings to critique the assumption of rationality in privacy decision making are also presented. An online survey for testing the rationality by analyzins individual knowledge, behavior and psychological deviations from rationality is also presented.",
author = "Alfssandro Acquisti and Jens Grossklags",
note = "Funding Information: In May 2004, we contacted potential subjects who had shown interest in participating in economic studies at Carnegie Mellon University. We offered participants a lump-sum payment of US$16 to fill out an anonymous online survey about e-commerce preferences and gathered 119 responses. (We used the phrase “e-commerce preferences” to mitigate self-selection bias from pre-existing privacy beliefs.) The survey contained several questions organized around various categories: demographics, a set of behavioral economic characteristics (such as risk and discounting attitudes), past behavior with respect to protection or release of personal information, knowledge of privacy risks and protection against them, and attitudes toward privacy. (We discuss only a subset of questions in this article; the full survey is available at www.heinz.cmu.edu/ ~acquisti/survey/page1.htm.) This survey was the second round of a research project funded by the Berk-man Faculty Development Fund. The first round was a pilot survey we conducted in January, and in the third round (forthcoming) we will further investigate this article{\textquoteright}s findings.",
year = "2005",
month = jan,
doi = "10.1109/MSP.2005.22",
language = "English",
volume = "3",
pages = "26--33",
journal = "IEEE Security and Privacy",
issn = "1540-7993",
publisher = "Institute of Electrical and Electronics Engineers Inc.",
number = "1",
}