ORCID: https://orcid.org/0000-0003-4116-2033; Berger, Benedikt
ORCID: https://orcid.org/0000-0001-8220-7686 and Hess, Thomas
ORCID: https://orcid.org/0000-0003-3969-7477
(2019):
Can I Control My Robo-Advisor? Trade-Offs in Automation and User Control in (Digital) Investment Management.
25th Americas Conference on Information Systems (AMCIS 2019), Cancun, Mexico, August 15-17, 2019.
In: AMCIS 2019 Proceedings,
Abstract
Owing to technological advancements, individuals can increasingly automate and delegate private decisions. However, prior research shows that decision-makers tend to prefer human decision support despite the superiority of algorithms. Further, individuals prefer retaining control of decisions despite increased effort. We propose a model explaining underlying considerations of these paradoxes in decision support acceptance. In a vignette-based experiment in the context of investment management, we test the model to explain trade-offs in varying levels of automation and user control and analyze effects on the intention to utilize decision support. Results provide support for a positive effect of automation on performance expectancy and a negative effect of user control on perceived risk. These findings support the idea of increased automation in decision-making while letting users retain control over the process. This study extends our understanding of decision support in private contexts and holds implications for providers of decision support systems, particularly robo-advisors.
Item Type: | Conference or Workshop Item (Paper) |
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Faculties: | Munich School of Management > Institute for Digital Management and New Media |
Subjects: | 300 Social sciences > 330 Economics |
Annotation: | ISBN 978-0-9966831-8-0 |
Language: | English |
Item ID: | 103435 |
Date Deposited: | 14. Jun 2023, 08:59 |
Last Modified: | 14. Jun 2023, 09:00 |