【Yangtze River Forum】160thLecture: Professor Meng Juanjuan from Peking University Delivers a Lecture

On the morning of March 10, 2023, the 160th lecture of the Yangtze River Forum, hosted by Wuhan University and organized by the Institute of Humanities and Social Sciences and the School of Economics and Management, was successfully held. Professor Meng Juanjuan, a recipient of the National NaturalScience Outstanding Youth Fund from the Guanghua School of Management at Peking University, was invited to share her latest research achievement "Privacy Paradox on Important Personal Information".

The forum was presided over by Professor Wei Lijia from the School of Economics and Management of Wuhan University. Teachers from other universities as well as teachers and students of Wuhan University actively participated in the forum to discuss how artificial intelligence and behavioral economics can jointly promote economic development and social progress.

At the opening ceremony of the forum, Professor Wei Lijia, the moderate, first extended a warm welcome to the teachers and students attending the lecture, and then he introduced the topic of the lecture, which is how to combine artificial intelligence and behavioral economics to explore new possibilities. This combination will bring new perspectives and opportunities, so that everyone can better understand human behavior and better use the potential of artificial intelligence.

Subsequently, Professor Meng Juanjuan shared her latest research titled "Privacy Paradox on Important Personal Information". She proposed that there is a fundamental balance between people's privacy protection and data value, and the rapidly developing artificial intelligence technology largely relies on the collection of personal information, while well-designed privacy protection policies require a better understanding of people's privacy attitudes. This study estimated people's willingness to accept (WTA) facial photos and travel information through an online experiment. The results showed that the likelihood of disclosure of facial and travel information was reduced, and participants were less willing to disclose facial photos and had a higher WTA for structural estimation. In addition, it was found that women or those with lower education levels were less willing to disclose personal information. Since there are no tests on the existence of privacy paradoxes here, she used real incentives or hypothetical questions to elicit acceptance in another new study, "Privacy Paradox on the Disclosure of Facial and Travel Information." The results did indeed reveal evidence of privacy paradoxes, and found that heterogeneity was stronger for elderly people, non religiouspeople, urban residents, or those with a bachelor's degree or above.

In the end, Professor Wei Lijia delivered a closing speech, saying: "This forum provides us with a unique opportunity to look at AI and behavioral economics from different perspectives. Through this lecture, we better understand the advantages and disadvantages of AI and behavioral economics, and also provide us with more food for thought and research directions."

(Editor: Bai Lu Reviewed by: Wei Lijia)