Robo-Advice: Transforming Households into Rational Economic Agents

IF 5 3区 经济学 Q1 BUSINESS, FINANCE
Francesco D'Acunto, Alberto G. Rossi
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引用次数: 4

Abstract

Robo-advice uses big and open data to provide consumers with fully informed and rational-expectation benchmarks in all realms of household finance, including consumption, saving, investment, and debt management choices. It also minimizes the monetary, cognitive, and psychological costs that households face in economic transactions. We review recent research on the features and effects of robo-advice on individual and aggregate economic outcomes through the lens of its differences from traditional human advice. We discuss the distributional implications of robo-advice, its potential role in increasing the effectiveness of economic policies, the role of providers’ incentives, and several questions that are still wide open for researchers in finance, economics, social psychology, and related fields.
机器人建议:将家庭转变为理性的经济主体
Robo-advice使用大而开放的数据,为消费者提供家庭金融所有领域的全面知情和理性预期基准,包括消费、储蓄、投资和债务管理选择。它还将家庭在经济交易中面临的货币、认知和心理成本降至最低。我们通过机器人建议与传统人类建议的不同之处,回顾了最近关于机器人建议对个人和总体经济结果的特征和影响的研究。我们讨论了机器人咨询的分配含义,它在提高经济政策有效性方面的潜在作用,提供者激励的作用,以及金融、经济学、社会心理学和相关领域研究人员仍然开放的几个问题。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.00
自引率
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发文量
26
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