We rely on algorithms daily, yet many of us hesitate to fully trust them. Recent research explores the factors shaping our perceptions and some of the implications.
In one study, age, extraversion, and trust were the most significant factors influencing algorithm aversion.
Transparency boosted algorithm trust, while costs decreased it, showing the sensitivity to value and fairness. In this study, participants were asked to make a series of decisions, choosing among three options that offered different financial rewards. The goal was to consistently select the option with the highest payout. This task was well-suited for an algorithm with reinforcement learning capabilities, which could learn from previous decisions to make optimal choices.to the algorithm.
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