{"id":4829,"date":"2020-06-20T08:04:46","date_gmt":"2020-06-20T08:04:46","guid":{"rendered":"https:\/\/kuvera.in\/blog\/?p=4829"},"modified":"2021-12-15T11:15:13","modified_gmt":"2021-12-15T11:15:13","slug":"robo-advice","status":"publish","type":"post","link":"https:\/\/kuvera.in\/blog\/robo-advice\/","title":{"rendered":"Podcast: Is robo-advice right for you"},"content":{"rendered":"<p><strong>Why is our reaction to robo-advice different than our reaction to human advice?<\/strong>\u00a0 Two terms &#8211; &#8216;algorithm aversion&#8217; and &#8216;algorithm appreciation&#8217;, provide insight.<\/p>\n<p>When a new technology is introduced &#8211; we usually don&#8217;t trust it immediately, in fact, we impose a higher bar on the new technology. So, initially, users hold robo-advice to a higher standard compared to human advisors. Even when data overwhelmingly suggests that robo-advice out-perform human advisors. This is algorithm aversion.<\/p>\n<p>But over time the new technology learns and improves at breakneck speed and in the case of robo-advice also deploys that learning at scale immediately. Robo-advice becomes so much better than human advice and forecasting that even with our lofty expectations, it becomes our default choice. This leads us to algorithmic appreciation.<\/p>\n<p>Our Founder &amp; CEO Gaurav discusses this and more in a very informative podcast with Alex from BloombergQuint.<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" title=\"A Robot Can Be Your Financial Planner Now by BloombergQuint\" width=\"640\" height=\"400\" scrolling=\"no\" frameborder=\"no\" src=\"https:\/\/w.soundcloud.com\/player\/?visual=true&#038;url=https%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F838982623&#038;show_artwork=true&#038;maxheight=960&#038;maxwidth=640\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h4>Interested in how we think about the markets?<\/h4>\n<p>Read more:\u00a0<a href=\"https:\/\/kuvera.in\/blog\/category\/zen-and-the-art-of-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Zen And The Art Of Investing<\/strong><\/a><\/p>\n<p>Watch\/hear on YouTube:<\/p>\n<p><iframe loading=\"lazy\" title=\"Amidst Uncertain Markets &amp; Risk Aversion, Is Gold still a BUY?| Gaurav Rastogi on Money Money Money\" src=\"https:\/\/www.youtube.com\/embed\/videoseries?list=PLDSzQdT9nLmDSP3gSlDkPcUl-cfeI-KeB\" width=\"640\" height=\"480\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>Start investing through a platform that brings goal planning and investing to your fingertips. Visit\u00a0<a href=\"https:\/\/www.kuvera.in\/\"><strong>kuvera.in<\/strong><\/a>\u00a0to discover\u00a0<a href=\"https:\/\/kuvera.in\/blog\/direct-plans-better\/\"><strong>Direct Plans<\/strong><\/a> and\u00a0<a href=\"https:\/\/kuvera.in\/user\/login\"><strong>start investing today.<\/strong><\/a><\/p>\n<p>#MutualFundSahiHai, #KuveraSabseSahiHai!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why is our reaction to robo-advice different than our reaction to human advice?\u00a0 Two terms &#8211; &#8216;algorithm aversion&#8217; and &#8216;algorithm appreciation&#8217;, provide insight. When a new technology is introduced &#8211; we usually don&#8217;t trust it immediately, in fact, we impose a higher bar on the new technology. So, initially, users hold robo-advice to a higher [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/kuvera.in\/blog\/robo-advice\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":2,"featured_media":4830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false},"categories":[91],"tags":[331,351,52,350],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Podcast: Is robo-advice right for you - Kuvera<\/title>\n<meta name=\"description\" content=\"Why is our reaction to robo-advice different than our reaction to human advice? Listen to the podcast with our Founder and CEO Gaurav to find out.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kuvera.in\/blog\/robo-advice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Podcast: Is robo-advice right for you - Kuvera\" \/>\n<meta property=\"og:description\" content=\"Why is our reaction to robo-advice different than our reaction to human advice? Listen to the podcast with our Founder and CEO Gaurav to find out.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kuvera.in\/blog\/robo-advice\/\" \/>\n<meta property=\"og:site_name\" content=\"Kuvera\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/kuvera.in\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-20T08:04:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-15T11:15:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/kuvera.in\/blog\/wp-content\/uploads\/2020\/06\/Capture-3.png\" \/>\n\t<meta property=\"og:image:width\" content=\"454\" \/>\n\t<meta property=\"og:image:height\" content=\"243\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gaurav Rastogi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:site\" content=\"@Kuvera_In\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gaurav Rastogi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Podcast: Is robo-advice right for you - Kuvera","description":"Why is our reaction to robo-advice different than our reaction to human advice? 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A graduate of IITD and Chicago Booth, he managed a long-short equity strategy for Morgan Stanley before starting Kuvera.","url":"https:\/\/kuvera.in\/blog\/author\/rustyhk123\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/4829"}],"collection":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/comments?post=4829"}],"version-history":[{"count":2,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/4829\/revisions"}],"predecessor-version":[{"id":9363,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/posts\/4829\/revisions\/9363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media\/4830"}],"wp:attachment":[{"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/media?parent=4829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/categories?post=4829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kuvera.in\/blog\/wp-json\/wp\/v2\/tags?post=4829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}