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A Study Of People'S Perception Of Artificial Intelligence In Finance And Society

Author

Listed:
  • Dan MITRA

    (Finance and Accounting, Faculty of Economics, University of Oradea, Romania)

  • Ioana-Florina COITA

    (Finance and Accounting, Faculty of Economics, University of Oradea, Romania)

Abstract

This paper investigates how people perceive artificial intelligence (AI), using both original survey data and insights from recent academic and policy literature. As AI technologies become increasingly embedded in daily life—from banking and healthcare to education and justice systems—it is important to understand public sentiment in order to better guide ethical integration and the implementation of effective legislative frameworks. We conducted a survey of 60 individuals with diverse backgrounds to assess their familiarity with AI, perceived benefits and risks, and level of comfort with AI making decisions across various domains. While respondents generally expressed openness toward AI in areas such as transportation and finance, some concerns have emerged around its application in legal proceedings and hiring practices. Some of the key issues included algorithmic bias, erosion of human oversight, and threats to privacy. These results highlight the importance of transparency, public education, and robust governance to correctly align AI deployment with societal expectations and ethical standards.

Suggested Citation

  • Dan MITRA & Ioana-Florina COITA, 2025. "A Study Of People'S Perception Of Artificial Intelligence In Finance And Society," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 34(1), pages 288-297, July.
    • Handle: RePEc:ora:journl:v:34:y:2025:i:1:p:288-297
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    JEL classification:

    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets
    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification

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