How LLMs can replicate human purchase intent

View profile for Ryan Coles, PhD

Leading Global Progress through Scientific Exploration, Business Acumen, & Friendship

Just read a sharp new paper: “LLMs Reproduce Human Purchase Intent via Semantic Similarity Elicitation of Likert Ratings.” The authors show that large language models can replicate human purchase intent nearly as reliably as real survey panels by generating free-text responses and mapping them to Likert scales via semantic similarity. This is more than a methodological trick. It points to a future where synthetic consumers become part of the innovation process—testing ideas, narratives, and designs before a single ad dollar is spent. As someone building ventures and studying how AI reorganizes firms, I see this as a glimpse of what’s coming: organizational architectures where insight itself becomes machine-generated. #AI #Innovation #ConsumerResearch #Strategy #Entrepreneurship https://lnkd.in/eschhFw8

Mohnish Srivatsav

Finance & Accounting Student at UConn School of Business

3w

From a finance point of view, this might speed up the cycle between investment, innovation, and market feedback which will let firms make decisions with less uncertainty. It also raises big questions about how we’ll measure and trust these fake insights if they start guiding real spending and forecasting decisions.

Craig O'Callaghan

Student at the University of Connecticut

3w

Fascinating! Using AI to create synthetic consumers could really speed up testing and insights, though it also raises questions about how much we can trust these simulated behaviors.

Kyle Gabaree

Student at University of Connecticut

2w

Having synthetic consumers being part of the innovation process is very interesting and shows how it speed up this process. I wonder how this could work overtime since it seems society is changing almost every day.

Lauren Hong

Finance and Economics Student at University of Connecticut School of Business & College of Liberal Arts and Sciences

2w

This is actually very interesting to think about. The thought of synthetic consumers being test dummies is intriguing in that the whole process of startup testing could become much quicker. I wonder how accurate this would be long term due to society's ever changing views and opinions, it will definitely be interesting to see!

Wow, this is a wild development. Feels like a big step toward rethinking how companies validate ideas.

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Lauren Hymes

Animal Science Student at University of Connecticut

1d

The use of AI in survey panels could assist with efficient results, but I would question the repercussions for the employment of researchers on a beginner level. If a company uses interns or low-level employees to conduct interpersonal research, would their job still be needed in the company?

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Kiril Kovalenko

Student at University of Connecticut School of Business

1w

Using AI to understand what customers want could change how companies try out new ideas. It’s exciting to imagine machines giving insights before real customers even see a product.

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Elijah Brochu

Finance Student at University of Connecticut School of Business

2w

Really interesting concept, I’ll have to check this paper out. Looking forward to learning more about LLMs and it’s growing role in product testing.

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Cameron Babcock

Student at University of Connecticut School of Business

2w

Synthetic consumers is a very intriguing topic in business. This would make it a lot easier for businesses to see the reactions to advertisements. I question the accuracy as it could negatively react to a positive product, so extensive trials should be done.

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Michael Costa

Landscape Architecture at University of Connecticut

2w

Interesting. This could redefine how we think about AI in market and behavior research.

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