Knowledge Base Repository

In addition to research papers, the Design Society is developing several valuable resources for those interested in the study of design. These include a repository of PhD theses, a library of case studies and transcripts of design activities, and an archive of our newsletters. Please note that these resources are accessible exclusively to Design Society members.

Application of Expert Systems for Personalizing Financial Decisions

Sara Shafiee (1), Kourosh Marjani Rasmussen (1), Eike Sch


Type:
Year:
2022
Editor:
Mario Štorga, Stanko Škec, Tomislav Martinec, Dorian Marjanović
Author:
Series:
DESIGN
Institution:
1: Technical University of Denmark, Denmark; 2: Friedrich-Alexander-Universit
Section:
Design Information and Knowledge
Page(s):
801-810
DOI number:
ISSN:
2732-527X (Online)
Abstract:
Due to the complexity of financial products, consumers with low financial literacy are left behind. However, few practical studies investigated the impact of digital advisory systems to improve customer experience. Configuration systems, as the most popular expert systems, have never been applied as a financial tool. In this study, we explore the application of configuration systems to educate consumers in achieving their financial goals. The results highlight multiple benefits from using the configurator, including greater financial literacy and improved individual financial decision-making.
Keywords:

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