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Does Information About AI Regulation Change Manager Evaluation of Ethical Concerns and Intent to Adopt AI?

Author

Listed:
  • Mariano-Florentino Cuéllar
  • Benjamin Larsen
  • Yong Suk Lee
  • Michael Webb

Abstract

We examine the impacts of potential artificial intelligence (AI) regulations on managers’ perceptions on ethical issues related to AI and their intentions to adopt AI technologies. We conduct a randomized online survey experiment on more than a thousand managers in the United States. We randomly present managers with different proposed AI regulations, and ask about ethical issues related to AI and their intentions related to AI adoption. We find that information about AI regulation increases manager perception of the importance of safety, privacy, bias/discrimination, and transparency issues related to AI. However, there is a tradeoff; regulation information reduces manager intent to adopt AI technologies. Moreover, information about regulation increases manager intent to spend on developing AI strategy including ethical issues at the cost of investing in AI adoption, such as providing AI training to current employees or purchasing AI software packages. (JEL: K24, L21, L51, O33, O38)

Suggested Citation

  • Mariano-Florentino Cuéllar & Benjamin Larsen & Yong Suk Lee & Michael Webb, 2024. "Does Information About AI Regulation Change Manager Evaluation of Ethical Concerns and Intent to Adopt AI?," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 40(1), pages 34-75.
    • Handle: RePEc:oup:jleorg:v:40:y:2024:i:1:p:34-75.
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    File URL: http://hdl.handle.net/10.1093/jleo/ewac004
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    Cited by:

    1. Fossen, Frank M. & McLemore, Trevor & Sorgner, Alina, 2024. "Artificial Intelligence and Entrepreneurship," IZA Discussion Papers 17055, Institute of Labor Economics (IZA).

    More about this item

    JEL classification:

    • K24 - Law and Economics - - Regulation and Business Law - - - Cyber Law
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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