We provide evidence that people have preferences for data privacy and show that these preferences partly reflect people's interest in controlling who receives their private information. Participants of an experiment face the decision to share validated personal information with peers. We compare...

We axiomatize a new class of recursive dynamic models that capture subjective constraints on the amount of information a decision maker can obtain, pay attention to, or absorb, via a Markov Decision Process for Information Choice (MIC). An MIC is a subjective decision process that specifies what...