Working Paper

Using GPT for Market Research

James Brand

Microsoft

Ayelet Israeli

Harvard Business School

Donald Ngwe

Microsoft

May 9, 2023

Download

Uses a large language model (LLM), Generative Pre-trained Transformer 3 (GPT-3), to respond to survey questions as if it were a customer shopping in a category of interest, yielding realistic results such as willingness to pay for products and product attributes, declining marginal utility, and state dependence.

By using MSI.org you agree to our use of cookies as identifiers and for other features of the site as described in our Privacy Policy.