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Smarter Conjoint Priors with GenAI: Enhancing Choice Designs with LLMs

Conference
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Generative AI offers a new way to improve conjoint analysis: by supplying utility priors for design and estimation. In this session, we show how large language models (LLMs) can generate realistic prior utilities that enhance predictive accuracy in CBC studies. Using a job search platform experiment with ~1,000 participants, we compare standard designs with GenAI-augmented ones and share practical lessons and pitfalls.

Felix Eggers
Copenhagen Business School
Marco Vriens
Kwantumlabs.ai
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