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Table 1 Means (and standard deviations) of WTP by product type and exposure to security task in pounds sterling (£)

From: What is security worth to consumers? Investigating willingness to pay for secure Internet of Things devices

 

Thermostat (£180)a

Wi-Fi router (£40)a

Smart watch (£230)a

Smart TV (£500)a

Security camera (£160)a

Pre-security task

38.86 (49.44, N = 98)

22.69 (17.73, N = 111)

70.12 (81.61, N = 83)

69.01 (54.99, N = 96)

52.68 (64.69, N = 105)

Post security task

62.07 (81.24, N = 96)

27.98 (19.39, N = 100)

76.24 (91.22, N = 91)

68.37 (62.22, N = 91)

78.22 (74.17, N = 82)

Overall

50.29 (67.83, n = 194)

25.20 (18.68, n = 211)

73.03 (86.45, n = 174)

68.82 (54.99, n = 187)

63.86 (69.81, n = 187)

  1. aCost of device