Robo-advisors: a substitute for human financial advice?

L Brenner, T Meyll - Journal of Behavioral and Experimental Finance, 2020 - Elsevier
Using representative US investor data, we investigate whether automated financial advisors,
also referred to as robo-advisors, reduce investors' demand for human financial advice …

Robo advisory and its potential in addressing the behavioral biases of investors—A qualitative study in Indian context

A Bhatia, A Chandani, J Chhateja - Journal of Behavioral and Experimental …, 2020 - Elsevier
Technological developments have given shape to robotic services which have forayed in the
finance and investment industry in the form of Robo-advisors. Robo-advisors are in use in …

Do sustainable consumers prefer socially responsible investments? A study among the users of robo advisors

AC Brunen, O Laubach - Journal of Banking & Finance, 2022 - Elsevier
Do people behave consistently when it comes to sustainability? With few exceptions, most
previous studies of sustainable investment behavior rely on survey responses. Numerous …

Reducing algorithm aversion through experience

I Filiz, JR Judek, M Lorenz, M Spiwoks - Journal of Behavioral and …, 2021 - Elsevier
In the context of an experiment, we examine the persistence of aversion towards algorithms
in relation to learning processes. The subjects of the experiment are asked to make one …

Linking the robo-advisors phenomenon and behavioural biases in investment management: An interdisciplinary literature review and research agenda

V Darskuviene, N Lisauskiene - Organizations and Markets in Emerging …, 2021 - ceeol.com
Technological advancements bring continuous changes into the investment industry. The
paper aims to provide insights on future research agenda based on a review of the current …

The effect of humanizing robo‐advisors on investor judgments

FD Hodge, KI Mendoza… - Contemporary Accounting …, 2021 - Wiley Online Library
We examine the effect of humanizing (naming) robo‐advisors on investor judgments, which
has taken on increased importance as robo‐advisors have become increasingly common …

Digital innovation in wealth management landscape: the moderating role of robo advisors in behavioural biases and investment decision-making

A Bhatia, A Chandani, R Divekar, M Mehta… - International Journal of …, 2022 - emerald.com
Purpose Innovation is the way of life and we see various innovative techniques and methods
being introduced in our daily life. This study aims to focus on digital innovation in the wealth …

Will robo-advisors continue? Roles of task-technology fit, network externalities, gratifications and flow experience in facilitating continuance intention

YM Cheng - Kybernetes, 2020 - emerald.com
Purpose The purpose of this study is to propose a synthetic post-adoption model based on
the expectation-confirmation model (ECM) and flow theory to examine whether the fit factor …

[HTML][HTML] Algorithm aversion as an obstacle in the establishment of robo advisors

I Filiz, JR Judek, M Lorenz, M Spiwoks - Journal of Risk and Financial …, 2022 - mdpi.com
Within the framework of a laboratory experiment, we examine to what extent algorithm
aversion acts as an obstacle in the establishment of robo advisors. The subjects had to …

Financial attributes, financial behaviors, financial‐advisor‐use beliefs, and investing characteristics associated with having used a robo‐advisor

TM Todd, MC Seay - Financial Planning Review, 2020 - Wiley Online Library
This study investigates the financial attributes, financial behaviors, financial‐advisor‐use
beliefs, and investing characteristics associated with having used an automated investment …