Do consumers value data privacy? How much? In a survey of 2,416 Americans, we find that the median consumer is willing to pay just $5 per month to maintain data privacy (along specified dimensions), but would demand $80 to allow access to personal data. This is a “superendowment effect,”...

Nudge is a semantically multifarious concept that originates in Thaler and Sunstein's (2008) popular eponymous book. In one of its senses, it is a policy for redirecting an agent's choices by only slightly altering his choice conditions, in another sense, it is concerned with bounded rationality...

Rezension: Nudge ist der kleine "Schubser", eine Mischung aus Hilfestellung und Manipulation, mit dem "Entscheidungsarchitekten" in Firmen, Institutionen und Regierungen das Verhalten der Menschen zu deren Nutzen beeinflussen können. Die Autoren (Thaler ist Ökonom, Sunstein Jurist und Berater...