Luohan Academy

Value and Data | Frontier Dialogue

Bengt Holmström is the Paul A. Samuelson Professor of Economics at Massachusetts Institute of Technology. Formerly, Edwin J. Beinecke Professor of Management at Yale University's School of Management (1983 - 1994). Research associate of the National Bureau of Economic Research. Served as board member of Nokia (1999 - 2012). Fellow of the American Academy of Arts and Sciences. Fellow and former president (2011) of the Econometric Society. Prof. Holmström is a microeconomic theorist, best known for his research on the theory of contracting and incentives especially as applied to the theory of the firm, to corporate governance and most recently to financial crises and the supply of liquidity. Prof. Holmström think collateral in credit markets could be replaced by information, which leads to better financial inclusion. Data privacy should not be discussed separately from the data value.

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.

 

 

For more information, please visit Luohan Academy's youtube channel: Luohan Academy

    Event materials

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