LLMs Reproduce Human Purchase Intent via Semantic Similarity Elicitation of Likert Ratings
Overview
Paper Summary
This paper introduces Semantic Similarity Rating (SSR), a new method allowing large language models (LLMs) to accurately simulate human purchase intent by having them generate free-text responses, which are then mapped to Likert scales based on semantic similarity. The method, tested on 57 personal care product surveys, achieved 90% human test-retest reliability and produced realistic response distributions, outperforming direct numerical rating requests. It also generated rich qualitative feedback, though the reference statements were manually optimized for this dataset and not all demographics were replicated consistently.
Explain Like I'm Five
We taught computer chatbots to pretend they want to buy things, not by asking for a number, but by letting them say what they think, then cleverly turning their words into ratings. It works almost as well as asking real people, and they even tell us why!
Possible Conflicts of Interest
Two authors (Robbie Dow and Kli Pappas) are employed by Colgate-Palmolive Company, a 'leading corporation in that market.' The study itself analyzes '57 consumer research surveys on personal care product concepts conducted by a leading corporation in that market,' which strongly implies Colgate-Palmolive's internal data. Additionally, the other authors are from PyMC Labs, a company whose description suggests a business interest in 'scalable consumer research simulations.' This constitutes a conflict of interest as the research evaluates a method potentially beneficial to the authors' employers.
Identified Limitations
Rating Explanation
The paper presents a novel and effective methodological approach (SSR) to address a known limitation of LLMs in consumer research, demonstrating strong performance metrics on a substantial dataset. It's a significant practical contribution. The stated limitations are well-acknowledged and the conflict of interest, while present, does not invalidate the methodology itself.
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