How to build trust in answers given by Generative AI for specific, and vague, financial questions

Purpose: Generative artificial intelligence (GenAI) has progressed in its ability and has seen explosive growth in adoption. However, the consumer's perspective on its use, particularly in specific scenarios such as financial advice, is unclear. This research develops a model of how to build trust in the advice given by GenAI when answering financial questions. Design/methodology/approach: The model is tested with survey data using structural equation modelling (SEM) and multi-group analysis (MGA). The MGA compares two scenarios, one where the consumer makes a specific question and one where a vague question is made. Findings: This research identifies that building trust for consumers is different when they ask a specific financial question in comparison to a vague one. Humanness has a different effect in the two scenarios. When a financial question is specific, human-like interaction does not strengthen trust, while (1) when a question is vague, humanness builds trust. The four ways to build trust in both scenarios are (2) human oversight and being in the loop, (3) transparency and control, (4) accuracy and usefulness and finally (5) ease of use and support. Originality/value: This research contributes to a better understanding of the consumer's perspective when using GenAI for financial questions and highlights the importance of understanding GenAI in specific contexts from specific stakeholders.

Exploring consumers response to text-based chatbots in e-commerce: The moderating role of task complexity and chatbot disclosure

Artificial intelligence based chatbots have brought unprecedented business potential. This study aims to explore consumers trust and response to a text-based chatbot in ecommerce, involving the moderating effects of task complexity and chatbot identity disclosure. A survey method with 299 useable responses was conducted in this research. This study adopted the ordinary least squares regression to test the hypotheses. First, the consumers perception of both the empathy and friendliness of the chatbot positively impacts their trust in it. Second, task complexity negatively moderates the relationship between friendliness and consumers trust. Third, disclosure of the text based chatbot negatively moderates the relationship between empathy and consumers trust, while it positively moderates the relationship between friendliness and consumers trust. Fourth, consumers trust in the chatbot increases their reliance on the chatbot and decreases their resistance to the chatbot in future interactions. Adopting the stimulus organism response framework, this study provides important insights on consumers perception and response to the text-based chatbot. The findings of this research also make suggestions that can increase consumers positive responses to text based chatbots. Extant studies have investigated the effects of automated bots attributes on consumers perceptions. However, the boundary conditions of these effects are largely ignored. This research is one of the first attempts to provide a deep understanding of consumers responses to a chatbot.

Evaluating if trust and personal information privacy concerns are barriers to using health insurance that explicitly utilizes AI

Trust and privacy have emerged as significant concerns in online transactions. Sharing information on health is especially sensitive but it is necessary for purchasing and utilizing health insurance. Evidence shows that consumers are increasingly comfortable with technology in place of humans, but the expanding use of AI potentially changes this. This research explores whether trust and privacy concern are barriers to the adoption of AI in health insurance. Two scenarios are compared: The first scenario has limited AI that is not in the interface and its presence is not explicitly revealed to the consumer. In the second scenario there is an AI interface and AI evaluation, and this is explicitly revealed to the consumer. The two scenarios were modeled and compared using SEM PLS-MGA. The findings show that trust is significantly lower in the second scenario where AI is visible. Privacy concerns are higher with AI but the difference is not statistically significant within the model.