Felix Chopra
@FelixChopra
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Assistant Professor @FrankfurtSchool | Behavioral & Experimental Econ
Frankfurt on the Main, Germany
Joined November 2015
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1/ Qualitative interviews offer unparalleled richness but are rarely used in economics. Let's change that! New WP with
@Ingar30
uses an AI-driven approach to conducting q qualitative interviews, making them scalable, cheap, and ripe for both qualitative and quantitative analysis!
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We are incredibly excited to kick off a three-day Ph.D. course on Subjective Beliefs, Attention, and Economic Behavior
@CEBI_UCPH
in Copenhagen. We have an amazing group of Ph.D. students from all over the world attending the course!
@cp_roth
@Ingar30
@SettSonja
@JoWohlfart
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2/ Relying on API integration with Open AI’s GPT-4 model, we design a multi-agent AI interviewer that conducts semi-structured interviews similar to how a human interviewer would interact with interviewees.
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4/ Interviews take 35 minutes on average, and respondents like the interviews. 95% say they would like to participate in an interview with an AI chatbot again. In fact, a majority of respondents indicate a strict preference for AI-assisted interviews over human-led interviews.
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7/ The paper provides much more details and is available on the following link:
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3/ Our chat interface is very user-friendly and is easily integrated into standard survey software, such as Qualtrics. In a practical application, we investigate the "stock market participation puzzle", conducting 395 interviews with people not participating in the stock market.
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5/ Turning to the main results, we are able to uncover a rich picture of the reasons for non-participation, which tends to be multifaceted and includes a combination of conventional and less conventional factors. We also uncover rich correlations between the different factors.
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6/ We also show that qualitative interviews with traditional sample sizes, as well as single open-ended questions about reasons for non-participation, are unable to recover the richness and robustness of qualitative interviews at scale.
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@TaniaBabina
Great idea! We show that you can conduct qualitative interviews at scale with an AI interviewer (w/
@Ingar30
). Our application is stock market non-participation. We will revise the WP soon w/ more results. Here's a thread about it:
1/ Qualitative interviews offer unparalleled richness but are rarely used in economics. Let's change that! New WP with
@Ingar30
uses an AI-driven approach to conducting q qualitative interviews, making them scalable, cheap, and ripe for both qualitative and quantitative analysis!
46
242
1K
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3