The Hidden Cost of Accommodating Crowdfunder Privacy Preferences: A Randomized Field Experiment

References

• Acquisti A, John L, Loewenstein G (2013) What is privacy worth? J. Legal Stud. 42(2):249–274.Crossref, Google Scholar
• Agrawal A, Catalini C, Goldfarb A (2014) Some simple economics of crowdfunding. Lerner J, Stern S, eds. Innovation Policy and the Economy, Vol. 14 (University of Chicago Press, Chicago), 63–97.Crossref, Google Scholar
• Agrawal A, Catalini C, Goldfarb A (2015) Crowdfunding: Geography, social networks and the timing of investment decisions. J. Economics Management Strategy. Forthcoming.Crossref, Google Scholar
• Ahlers GKC, Cumming D, Gunther C, Schweizer D (2012) Signaling in equity crowdfunding. Working paper, A.T. Kearney, Berlin.Crossref, Google Scholar
• Andreoni J, Bernheim BD (2009) Social image and the 50–50 norm: A theoretical and experimental analysis of audience effects. Econometrica 77(5):1607–1636.Crossref, Google Scholar
• Ariely D, Levav J (2000) Sequential choice in group settings: Taking the road less traveled and less enjoyed. J. Consumer Res. 27(3):279–290.Crossref, Google Scholar
• Burtch G (2011) Herding behavior as a network externality. ICIS 2011 Proc. (Association of Information Systems, Champaign, IL), Paper 28.Google Scholar
• Burtch G, Di Benedetto CA, Mudambi SM (2013a) Leveraging information systems for enhanced product innovation. Martínez López FJ, ed. Handbook of Strategic e-Business Management (Springer, Berlin), 211–216.Crossref, Google Scholar
• Burtch G, Ghose A, Wattal S (2013b) An empirical examination of the antecedents and consequences of contribution patterns in crowd-funded markets. Inform. Systems Res. 24(3):499–519.Link, Google Scholar
• Burtch G, Ghose A, Wattal S (2014a) Cultural differences and geography as determinants of pro-social lending. MIS Quart. 38(3):773–794.Crossref, Google Scholar
• Burtch G, Ghose A, Wattal S (2014b) Secret admirers: Examining the antecedents and consequences of crowdfunder information hiding. Working paper, New York University, New York.Google Scholar
• Das S, Kramer A (2013) Self-censorship on Facebook. Proc. 7th Internat. AAAI Conf. Weblogs and Social Media (CWSM) (Association for the Advancement of Artificial Intelligence, Palo Alto, CA), 120–127.Google Scholar
• Daughety AF, Reinganum JF (2010) Public goods, social pressure, and the choice between privacy and publicity. Amer. Econom. J.: Microeconom. 2(2):191–221.Crossref, Google Scholar
• Dellarocas C (2003) The digitization of word-of-mouth: Promise and challenges of online feedback. Management Sci. 49(10): 1407–1424.Link, Google Scholar
• Egelman S, Tsai JY, Cranor LF, Acquisti A (2009) Timing is everything? Proc. 27th Internat. Conf. Human Factors Comput. Systems (CHI 2009) (ACM Press, New York), 319–328.Crossref, Google Scholar
• Ghose A, Ipeirotis PG (2011) Estimating the helpfulness and economic impact of product reviews: Mining text and reviewer characteristics. IEEE Trans. Knowledge Data Engrg. 23(10): 1498–1512.Crossref, Google Scholar
• Ghose A, Ipeirotis PG, Li B (2012) Designing ranking systems for hotels on travel search engines by mining user-generated and crowdsourced content. Marketing Sci. 31(3):493–520.Link, Google Scholar
• Goldfarb A, Tucker CE (2012) Shifts in privacy concerns. Amer. Econom. Rev. 102(3):349–353.Crossref, Google Scholar
• Heckman JJ (1979) Sample selection bias as a specification error. Econometrica 47(1):153–161.Crossref, Google Scholar
• Herzenstein M, Dholakia U, Andrews RL (2011a) Strategic herding behavior in peer-to-peer loan auctions. J. Interactive Marketing 25(1):27–36.Crossref, Google Scholar
• Herzenstein M, Sonenshein S, Dholakia UM (2011b) Tell me a good story and I may lend you money: The role of narratives in peer-to-peer lending decisions. J. Marketing Res. 48(Special issue):S138–S149.Crossref, Google Scholar
• Hochberg Y, Ljungqvist A, Lu Y (2007) Whom you know matters: Venture capital networks and investment performance. J. Finance 62(1):251–301.Crossref, Google Scholar
• Huberman BA, Adar E, Fine L (2005) Valuating privacy. IEEE Security Privacy 3(5):22–25.Crossref, Google Scholar
• Hui K, Teo HH, Lee ST (2007) The value of privacy assurance: An exploratory field experiment. MIS Quart. 31(1):19–33.Crossref, Google Scholar
• John L, Acquisti A, Loewenstein G (2011) Strangers on a plane: Context-dependent willingness to divulge sensitive information. J. Consumer Res. 37(5):858–873.Crossref, Google Scholar
• Joinson AN, Paine C, Buchanan T, Reips U (2008) Measuring self-disclosure online: Blurring and non-response to sensitive items in Web-based surveys. Comput. Human Behav. 24(5):2158–2171.Crossref, Google Scholar
• Kim K, Hann I (2013) Does crowdfunding democratize access to capital? A geographical analysis. Presentation, INFORMS Conference on Information Systems and Technology (CIST 2013), October 5, INFORMS, Catonsville, MD.Crossref, Google Scholar
• Kim K, Viswanathan S (2014) The experts in the crowd: The role of reputable investors in a crowdfunding market. Working paper, City University of Hong Kong, Hong Kong.Google Scholar
• Lin M, Viswanathan S (2013) Home bias in online investments: An empirical study of an online crowd funding market. Working paper, University of Arizona, Tucson.Google Scholar
• Lin M, Prabhala NR, Viswanathan S (2013) Judging borrowers by the company they keep: Friendship networks and information asymmetry in online peer-to-peer lending. Management Sci. 59(1):17–35.Link, Google Scholar
• Mollick E (2014) The dynamics of crowdfunding: An exploratory study. J. Bus. Venturing 29(1):1–16.Crossref, Google Scholar
• Ordanini A, Miceli L, Pizzetti M, Parasuraman A (2010) Crowd-funding: Transforming customers into investors through innovative service platforms. J. Service Management 22(4):443–470.Crossref, Google Scholar
• Sleeper M, Balebako R, Das S, McConahy AL, Wiese J, Cranor LF (2013) The post that wasn’t: Exploring self-censorship on Facebook. Proc. 2013 Conf. Comput. Supported Cooperative Work Soc. Comput. (CSCW) (ACM Press, New York), 793–802.Crossref, Google Scholar
• Sørensen M (2007) How smart is smart money? A two-sided matching model of venture capital. J. Finance 62(6):2725–2762.Crossref, Google Scholar
• Sorenson O, Stuart T (2001) Syndication networks and the spatial distribution of venture capital investments. Amer. J. Sociol. 106(6):1546–1588.Crossref, Google Scholar
• Strandburg KJ (2005) Social norms, self control, and privacy in the online world. Strandburg KJ, Raicu DS, eds. Privacy and Technologies of Identity: A Cross-Disciplinary Conversation (Springer, New York), 31–54.Google Scholar
• Tsai JY, Egelman S, Cranor L, Acquisti A (2011) The effect of online privacy information on purchasing behavior: An experimental study. Inform. Systems Res. 22(2):254–268.Link, Google Scholar
• Tucker CE (2014) Social networks, personalized advertising, and privacy controls. J. Marketing Res. 51(5):546–562.Crossref, Google Scholar
• Wang Z (2010) Anonymity, social image, and the competition for volunteers: A case study of the online market for reviews. B.E. J. Econom. Anal. Policy 10(1):Article 44.Google Scholar
• Wasko MM, Faraj S (2005) Why should I share? Examining social capital and knowledge contribution in electronic networks of practice. MIS Quart. 29(1):35–57.Crossref, Google Scholar
• Wattal S, Telang R, Mukhopadhyay T, Boatwright P (2012) What’s in a “name”? Impact of use of customer information in e-mail advertisements. Inform. Systems Res. 23(3, Part 1):679–697.Link, Google Scholar
• Wetzel WE (1987) The informal venture capital market: Aspects of scale and efficiency. J. Bus. Venturing 2(4):299–313.Crossref, Google Scholar
• Younkin P, Kashkooli K (2013) A crowd or a community? Working paper, McGill University, Montréal.Google Scholar
• Zhang J, Liu P (2012) Rational herding in microloan markets. Management Sci. 58(5):892–912.Link, Google Scholar
• Zhang M, Zhu F (2011) Group size and incentive to contribute: A natural experiment at Chinese Wikipedia. Amer. Econom. Rev. 101(4):1601–1615.Crossref, Google Scholar
• Zvilichovsky D, Inbar Y, Barzilay O (2013) Playing both sides of the market: Success and reciprocity on crowdfunding platforms. Working paper, Tel Aviv University, Tel Aviv, Israel.Google Scholar