Are we Ready for Self-Driving Cars-a Case of Principal-Agent Theory

Abstract

ICT readiness is not an issue any more-or so we think. In the 21st century, when the industry and society are infused with IT one would reason the more the better, because there cannot possibly be anyone to detest, or stand up against automatization and IT. However, it is not so. Not only the elderly people, who were born before the 2nd world war, but even GenZ people can be afraid of the speed and scope of ICT and modern technology taking over territories of their lives [1]. Of course, there is a substantial part of people who are eagerly looking forward the future fully automatized, and there are others, who simply don't care. But there is a significant group of people, who are not prepared for automatization, who simply do not trust robots and autonomous systems in their lives. Present paper endeavours to approach the notion of ICT readiness from the social, psychological point of view, utilising the framework of the principal-agent theory.