Luohan Academy

Event Recap

Understanding Big Data: Data Calculus in the Digital Age

Speakers : Patrick Bolton, James Dempsey, Jason Furman, Bengt Holmström, Eric Maskin, Christopher Pissarides, Thomas Sargent, Michael Spence, Steve Tadelis, Long Chen
Hangzhou, China


The pervasive use of digitized information has reached a new height in what we call the era of “big data.” While this revolution has led to unprecedented societal cooperation, it has also deepened three major concerns: How can we properly protect personal privacy in the age of big data? How shall we understand the ownership and distribution of benefits and risks that arise from the use of data? Will the use of big data lead to a situation of “winner-take-all” markets that undermine competition to the detriment of consumers and society?

Luohan Academy will introduce a report titled “Understanding Big Data: Data Calculus in the Digital Era” at this frontier dialogue. In this report we intend to address some aspects of the above questions. We focus on analyzing concrete evidence using “big data,” to draw conclusions on its impact. The author team consists of multiple prominent economists from Luohan’s community, including, among others, Patrick Bolton, Bengt Holmström, Eric Maskin, Christopher Pissarides, Michael Spence, Tao Sun, Tianshu Sun, Wei Xiong, and Liyan Yang, and Luohan’s internal economists.

The goal for our dialogue series is to bring together prominent minds to share frontier research, address critical issues, and provoke discussions that matter. We cordially invite you to join the event and participate in the discussion of this important issue.

To download the full report click here: “Understanding Big Data: Data Calculus in the Digital Era”


    Steve Tadelis, Professor of Economics, UC Berkeley    


    Bengt Holmström, Professor of Economics, MIT 

    Christopher Pissarides, Professor of Economics, LSE

    Michael Spence, Professor of Economics, Stanford University

    Long Chen, Director of Luohan Academy


    Michael Spence: The Impact of Big Data on the Informational Structure of Markets and Market Performance

    Long Chen: Understanding Big Data: Data Calculus in the Digital Age

    Bengt Holmström: Value and Data

    Christopher Pissarides: The Value of Private Information in Searching

    Patrick Bolton: On the Rights and Protection of Privacy

    James Dempsey: Data and Privacy from a Legal Perspective

    Thomas Sargent: Statistical Approaches to Privacy

    Eric Maskin: Privacy and Mechanism Design

    Jason Furman: Unlocking Digital Competition


For media inquires contact:

Ye Man


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