Event Highlight

Digital technology is profoundly changing our society. At the root of that change is data, commonly referred to as the "new oil". This change has sparked debate from Silicon Valley to Capitol Hill. There are two fundamental questions surrounding the discussion. First, how to manage the tradeoffs between capturing the full value of data and protecting one's right to privacy? And second, how to manage, store, and use data more effectively and securely? These questions have brought challenges to policymakers, academia, and enterprises around the globe. Due to the rapid development of technology, a consensus has not yet been reached. At the same time, new laws and regulations dictating the proper uses of data are being formulated, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA). It is for these reasons that forming a broad consensus on data, security, and privacy must be reached.

It is under this context that brought the Luohan Academy and Princeton University's Bendheim Center for Finance together as well as a myriad of economists around the world to discuss data governance and privacy protection on February 21. The workshop has attracted top-notch scholars from around the world, including Nobel Prize winners Jean Tirole of Toulouse Business School and Bengt Holmstrōm of Massachussettes Institute of Technology (MIT). And distinguished economists: Dirk Bergemann (Yale), Laura Veldkamp (Columbia University), Liyan Yang (University of Toronto), Nikhil Vellodi (Paris School of Economics), and Nageeb Ali (Penn State) as well as Princeton's own Roland Benabou, Pietro Ortoleva, Xiong Wei, and Markus Brunnermeier. All have come to share their latest research and discuss the future of privacy.

Event Agenda

Session Chair:	Leeat Yariv (Princeton)
9:00 – 10:00	Jean Tirole (Toulouse School of Economics): "Digital Dystopia"
10:00 – 12:00	Long Chen (Luohan Academy): Luohan Academy Report on Privacy
	Commentators: Nageeb Ali (Penn State) Pietro Ortoleva (Princeton) Rohit Lamba (Penn State) Laura Veldkamp (Columbia)
12:00 – 13:00	Lunch
Session Chair:	Roland Benabou (Princeton)
13:00 – 13:45	Dirk Bergemann (Yale): “The Economics of Social Data" [Video]
	Discussant: Joseph Abadi
13:45 – 14:30	Shota Ichihashi (Bank of Canada): “Dynamic Privacy Choices" [Video]
	Discussant: Michael Sockin (University of Texas)
14:30 –15:00	Break
Session Chair:	Ian Ball (Yale University)
15:00 – 15:45	Itay Fainmesser (Johns Hopkins): “Digital Privacy" [Video]
	Discussant: Ana Luiza Dutra
15:45 – 16:30	Nathan Larson (American University): “Price Discrimination in the Information Age" [Video]
	Discussant: Andrew Ferdowsian
16:30 – 17:15	Wei Xiong (Princeton): “Data Privacy and Temptation" [Video]
	Discussant: Liyan Yang (University of Toronto)