Wednesday, April 3, 2024

g-f(2)2179 Driving Toward Acceptance: Strategies for Embracing Self-Driving Cars

 


genioux Fact post by Fernando Machuca and ChatGPT



Introduction:


In the era of advancing technology, self-driving cars offer the promise of revolutionizing road safety, yet consumer reluctance poses a significant hurdle to their widespread adoption. This article, "How Automakers Can Address Resistance to Self-Driving Cars," delves into the psychological biases influencing consumer perceptions and presents strategies for automakers and policymakers to address resistance to self-driving cars.



genioux GK Nugget:


"Consumers' overestimation of their own driving abilities relative to automated vehicles impedes the mainstream adoption of self-driving cars." — Fernando Machuca and ChatGPT, April 3, 2024



genioux Foundational Fact:


Research reveals that individuals prefer more-automated vehicles for others than for themselves, highlighting a bias rooted in human egotism that affects perceptions of driving competence.



The 10 most relevant genioux Facts:




  1. Most drivers exhibit a preference for less-automated cars for themselves compared to what they prefer for others, indicating a discrepancy in perceived driving capabilities.
  2. Research involving 1,600 participants demonstrates a pattern of individuals rating themselves as better drivers than automated cars, while rating others as worse drivers.
  3. The bias against automation for oneself but not for others suggests a potential roadblock to the widespread adoption of self-driving cars.
  4. Strategies such as framing the benefits of automated cars for others' safety, positioning them as complements to human drivers, and providing hard data on accidents could mitigate consumer biases.
  5. Educating consumers about their biases and introducing incentives such as insurance discounts and tax breaks may further facilitate acceptance of self-driving vehicles.
  6. Marketing communications emphasizing safety benefits for others could make automated vehicles more appealing to consumers.
  7. Positioning automated vehicles as enhancing driving skills rather than replacing them may resonate with consumers who identify strongly with driving.
  8. Objective comparisons between human and automated driving performance could help consumers make informed decisions.
  9. Interventions aimed at reducing self-serving biases, such as instructional videos and personalized feedback on driving abilities, could promote more accurate self-assessments.
  10. Inducements like insurance discounts and reserved lanes could incentivize consumers to prioritize the benefits of automated vehicles over their discomfort.





Conclusion:


Addressing consumer resistance to self-driving cars requires a multifaceted approach that acknowledges and counteracts psychological biases. By implementing targeted strategies, automakers and policymakers can foster greater acceptance of automated vehicles and enhance road safety for all.



REFERENCES


The g-f GK Article


Stuti Agarwal, Julian De Freitas, and Carey K. Morewedge, How Automakers Can Address Resistance to Self-Driving Cars, Harvard Business Review, April 3, 2024.



Classical Summary:


The article explores the psychological biases hindering the widespread adoption of self-driving cars, despite their potential to significantly reduce traffic-related deaths. Research reveals that consumers tend to overestimate their driving abilities relative to automated vehicles and other drivers, posing a challenge for automakers and policymakers. By understanding these biases, the article suggests five evidence-based strategies to counteract them, including framing the benefits for others' safety, positioning automated vehicles as complements to human drivers, providing objective data on accidents, educating consumers about their biases, and introducing incentives. These targeted interventions aim to accelerate public acceptance of automated vehicles and enhance road safety.






Stuti Agarwal


Stuti Agarwal is a doctoral student in the Marketing Unit at Harvard Business School. She completed her Bachelors in Economics and Psychology from Boston University in 2019 and went on to complete her MPS in Applied Economics and Management from Cornell University in 2020. She further went on to complete her MS in Applied Economics with a concentration in Marketing from Cornell University in 2022 before coming to HBS for her PhD¹.


Her research interests broadly include studying the attitude-behavior gap in consumer preferences across various contexts. Her previous work has studied this gap within the context of sustainable consumption decisions and she is interested in developing potential marketing solutions to bridge this gap in the real-world purchasing decisions made by consumers¹.


She has also contributed to research on the acceptance of automated vehicles, revealing a bias impeding the embrace of automated vehicles: human egotism². This research found that most people preferred less-automated cars for themselves than they preferred for others².


Source: Conversation with Bing, 4/6/2024

(1) Stuti Agarwal - Faculty & Research - Harvard Business School. https://www.hbs.edu/faculty/Pages/profile.aspx?facId=1376056.

(2) How Automakers Can Address Resistance to Self-Driving Cars. https://hbr.org/2024/04/how-automakers-can-address-resistance-to-self-driving-cars?ab=HP-topics-image-15.

(3) Search - Doctoral - Harvard Business School. https://www.hbs.edu/doctoral/Pages/search.aspx?sub=doctoral-profiles.

(4) Marketing - Doctoral - Harvard Business School. https://www.hbs.edu/doctoral/phd-programs/marketing/Pages/default.aspx.



Julian De Freitas 


Julian De Freitas is an Assistant Professor of Business Administration in the Marketing Unit at Harvard Business School¹. He is also the Director of the Ethical Intelligence Lab¹. He earned his PhD in psychology from Harvard, masters from Oxford, and BA from Yale¹. He teaches Creating Brand Value in the elective curriculum, and has also taught in the required and executive curricula¹.


His research focuses on how automation, and in particular AI, impacts core issues in marketing, including innovation diffusion, branding, and customer relationship management³. He has contributed to research on the acceptance of automated vehicles, revealing a bias impeding the embrace of automated vehicles: human egotism¹. This research found that most people preferred less-automated cars for themselves than they preferred for others¹.


He has also published several articles in renowned journals and newspapers such as the Wall Street Journal and Harvard Business Review¹. His work includes topics like "Will Consumers Buy Selfish Self-Driving Cars?", "Should You Start a Generative AI Company?", and "What Is the Optimal Pattern of a Customer Journey?"¹.


Source: Conversation with Bing, 4/6/2024

(1) Julian De Freitas - Faculty & Research - Harvard Business School. https://www.hbs.edu/faculty/Pages/profile.aspx?facId=1326184.

(2) Julian De Freitas. https://www.juliandefreitas.com/.

(3) JULIAN DE FREITAS - Harvard Business School. https://www.hbs.edu/ris/Profile%20Files/De%20Freitas%202023%20-%20CV%20-%20February%202024_284d7af7-9eb9-4c41-928e-8c20633ea7e0.pdf.

(4) BIO | julian-de-freitas. https://www.juliandefreitas.com/bio.



Carey K. Morewedge


Carey K. Morewedge is a Professor of Marketing, Everett W. Lord Distinguished Faculty Scholar, and Chair of the Marketing Department at Boston University's Questrom School of Business¹². He researches how high-level cognitive processes such as memory, attention, and mental imagery influence consequential human judgments and decisions¹. His work is distinctive in elucidating how these basic processes influence judgments of utility—the value or pleasure that experiences provide—often more than the physical properties or market value of experiences¹.


Dr. Morewedge received a PhD in Social Psychology in 2006 from Harvard University¹. He served as an Assistant and Associate Professor at Carnegie Mellon University in the Department of Social and Decision Sciences and the Marketing group at the Tepper School of Business from 2007 until 2013¹. In 2014, he joined the Marketing faculty at Boston University¹.


He has been awarded more than $2 million in external research funding and has published more than 40 articles and chapters in top peer-reviewed journals¹. In 2016, Dr. Morewedge was recognized by Poets & Quants as one of the Top 40 Under 40 Most Outstanding MBA Professors¹. His research has been featured by major news organizations including The New York Times, The Washington Post, The Economist, Forbes, and Time Magazine¹.


Source: Conversation with Bing, 4/6/2024

(1) Carey Morewedge | Questrom School of Business - Boston University. https://www.bu.edu/questrom/profile/carey-morewedge/.

(2) Carey K. Morewedge - Homepage. http://careymorewedge.com/.

(3) Carey Morewedge, Author at The Journalist's Resource. https://journalistsresource.org/author/careymorewedge/.

(4) CAREY K.MOREWEDGE. http://careymorewedge.com/papers/MorewedgeCV.pdf.



The categorization and citation of the genioux Fact post


Categorization


This genioux Fact post is classified as Breaking Knowledge which means: Insights for comprehending the forces molding our world and making sense of news and trends.



Type: Breaking Knowledge, Free Speech



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References


genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)2179, Fernando Machuca and ChatGPTApril 3, 2024, Genioux.com Corporation.


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