Do users trust extroverted AI advisors despite worse advice?
When LLM financial advisors adopt different personalities, does user trust follow the quality of advice given, or do personality traits override information quality in shaping confidence?
In a lab-based user study with 64 participants, LLM-advisors configured with different personality traits were compared on a financial advisory task built around scripted investor profiles. The excerpt states that "users reported a preference for and increased satisfaction as well as emotional trust with LLMs adopting an extroverted persona, even though those agents provided worse advice." The conclusion restates the finding directly: "even though the extroverted advisor provided lower-quality advice, participants trusted this advisor more than the conscientious one."
The study's method split each advisor interaction into a preference-elicitation stage and an advisory-discussion stage, and compared personalized against non-personalized advisors as well as an extroverted against a conscientious personality layered onto the personalized condition. The paper frames the personality result as evidence that "users appear insensitive to the quality of advice being given, or worse these can have an inverse relationship" — across the personality conditions tested, perceived trustworthiness and actual advice quality moved in opposite directions.
This sharpens the trade-off described in Does chatbot personalization build trust or expose privacy risks?: that note shows personalization raises trust and anthropomorphism together with privacy concern, but this study adds that trust can be decoupled entirely from advice quality, with the advisor's personality presentation — not personalization accuracy or informational content — driving perceived trustworthiness. It also sits alongside Can a seller infer what a buyer really wants to pay?, which shows personas leaking information to the other side of a transaction; here the persona effect instead runs through the advisor's own presentation toward the user receiving advice.
The excerpt does not name which underlying model or model family was used, and the finding comes from a single lab study in which participants role-played three scripted investor narratives rather than making real financial decisions with real money — the paper does not establish that the trust/quality inversion would hold outside this controlled setup or in other high-stakes advisory domains. If it does generalize, it implies that the advisor persona least likely to be challenged by users may not be the one giving the best advice, raising a fiduciary-duty question about whose interest a personality-tuned advisor actually serves.
Inquiring lines that read this note 7
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Why do LLM outputs diverge from their knowledge and reasoning?- What reputation signals do LLM assistants fail to register at all in their recommendations?
- Does repeated exposure to wrong LLM advice change confidence calibration over time?
Related concepts in this collection 3
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Does chatbot personalization build trust or expose privacy risks?
Explores whether personalization features that increase user trust and social connection simultaneously heighten privacy concerns and create rising behavioral expectations over time.
both find personalization or persona effects on trust decoupled from informational accuracy or quality
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Can a seller infer what a buyer really wants to pay?
Does a buyer's natural shopping dialogue reveal their willingness to pay to a seller who reads only the conversation? An experiment tests whether verbal behavior patterns leak financial information without explicit numbers.
persona effects on agentic transactions run in both directions, sellers reading buyer personas and advisor personas shaping buyer trust
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Does personalized LLM advice actually help investors make better decisions?
This explores whether customizing an AI financial advisor to match individual investor preferences improves investment choices, or if the personalization process itself can backfire and cause harm.
same study: there, personalization's value depends on accurate elicitation; here, trust does not depend on advice quality at all
Related papers in this collection 8
Papers most semantically related to this note, ranked by cosine similarity in the embedding space.
- Are Generative AI Agents Effective Personalized Financial Advisors?
- People Defer to AI Moral Advice, But Not Blindly
- LLM or Human? Perceptions of Trust and Information Quality in Research Summaries
- To Rely or Not to Rely? Evaluating Interventions for Appropriate Reliance on Large Language Models
- Determinants of LLM-assisted Decision-Making
- Tailored to you: longitudinal effects of personalising language models
- The Decision to Verify: How Warmth and User Characteristics Shape Reliance on Conversational Agents for Information Search
- Fostering Appropriate Reliance on Large Language Models: The Role of Explanations, Sources, and Inconsistencies
Original note title
a lab study of 64 participants finds users trust an extroverted LLM financial advisor persona more even though it gives worse investment advice