{{ block title }} Willingness to pay for using the Artificial Intelligence system {{ endblock }} {{ block content }} {{ block global_styles }} {{ endblock }}


Scenario 1

You may influence the AI prediction




To use the AI system to recommend suitable lotteries, you need to spend an amount of money.

You will now receive an amount of {{ player.spec_endowment_treatment }} points. You can use the amount (or part of it) to obtain access to the AI system.
Alternatively, you can also keep this amount. This amount will then be paid out to you at the end of the experiment together with your payouts from the lottery. But then, you have to go through all 200 lotteries by yourself, without AI support!

Using the slider below, please indicate the maximum amount you are willing to pay for the use of the AI system.

After you place your bid, a threshold between 0 and {{ player.spec_endowment_treatment }} is drawn randomly.

If your bid is above this threshold, you may use the AI system. The randomly drawn threshold - not your bid - will then be subtracted from your extra amount of {{ player.spec_endowment_treatment }} points. The remaining points of the extra amount will be added to your final payout.

If your bid is below this threshold, you may not use the AI system. Consequently, you do not have to pay your stated bid; you can keep the full extra amount of {{ player.spec_endowment_treatment }} points.

In any case, you will never pay more than what you were willing to pay.

You will not pay anything if you do not get the AI system.


Example 1: Your willingness to pay is 180 points, the randomly drawn threshold is 140 points. Therefore, you can use the AI system and the remaining 110 points (250 - 140) of the extra amount will be added to your final payout.

Example 2: Your willingness to pay is 120 points, the randomly drawn threshold is 180 points. Therefore, you can not use the AI system. The full {{ player.spec_endowment_baseline }} points of the extra amount will be added to your final payout.




Please indicate how many points of the extra amount of {{ player.spec_endowment_treatment }} points you are willing to pay for the AI system to recommend five lotteries:





Your maximum willingness to pay: points.

Please move the slider, before proceeding







Perceived accuracy of the AI system


In the following, we would like to understand how accurate you believe the prediction of the AI system to be.

The AI system predicts the risk tolerance of all experiment participants on a scale between 0 and 10. The value 0 stands for "not at all willing to take risks", while 10 stands for "very willing to take risks":

Remember: for the prediction, the AI system does not use the information participants actively held back!

We would like to know your estimate: For how many of all participants, other than yourself, will the AI correctly predict the risk level (level 0-10)? A prediction only counts as correct if it hits exactly the right risk level.

Example: Suppose a participant has risk level 6. An AI prediction of risk level 5 would be as wrong as a prediction of 1.


After the experiment, we will calculate the real accuracy of the AI based on the other experiment participants. If you answered the question correctly (allowed deviation: +/- 5%), you will receive 250 more points.


Now, please use the slider to indicate the percentage of other participants in the study (other than yourself) for whom the AI will correctly predict the risk tolerance:



The AI will predict the risk tolerance of % of the participants correctly

Please move the slider before proceeding.






Your attitude towards the AI system


Please answer some questions about the AI system truthfully.

Now, please give your personal assessment of the following questions. There is no 'right' or 'wrong' in these questions, it is just about your personal assessment.


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Strongly disagree Disagree Rather disagree Neutral Rather agree Agree Strongly agree
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To proceed to scenario 2, click "Next".

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