Generative AI for scalable feedback to multimodal exercises

International Journal of Research in Marketing, 2024 [10.1016/j.ijresmar.2024.05.005]

21 Pages Posted: 17 Jan 2024 Last revised: 8 May 2024

See all articles by Lukas Jürgensmeier

Lukas Jürgensmeier

Goethe University Frankfurt

Bernd Skiera

Goethe University Frankfurt

Date Written: May 24, 2024

Abstract

Detailed feedback on exercises helps learners become proficient but is time-consuming for educators and, thus, hardly scalable. This manuscript evaluates how well Generative Artificial Intelligence (AI) provides automated feedback on complex multimodal exercises requiring coding, statistics, and economic reasoning. Besides providing this technology through an easily accessible web application, this article evaluates the technology's performance by comparing the quantitative feedback (i.e., points achieved) from Generative AI models with human expert feedback for 4,349 solutions to marketing analytics exercises. The results show that automated feedback produced by Generative AI (GPT-4) provides almost unbiased evaluations while correlating highly with (r = 0.94) and deviating only 6 % from human evaluations. GPT-4 performs best among seven Generative AI models, albeit at the highest cost. Comparing the models' performance with costs shows that GPT-4, Mistral Large, Claude 3 Opus, and Gemini 1.0 Pro dominate three other Generative AI models (Claude 3 Sonnet, GPT-3.5, and Gemini 1.5 Pro). Expert assessment of the qualitative feedback (i.e., the AI's textual response) indicates that it is mostly correct, sufficient, and appropriate for learners. A survey of marketing analytics learners shows that they highly recommend the app and its Generative AI feedback. An advantage of the app is its subject-agnosticism—it does not require any subject- or exercise-specific training. Thus, it is immediately usable for new exercises in marketing analytics and other subjects.

Keywords: Generative AI, Automated Feedback, App, Marketing Analytics, Learning, Education, App

Suggested Citation

Jürgensmeier, Lukas and Skiera, Bernd, Generative AI for scalable feedback to multimodal exercises (May 24, 2024). International Journal of Research in Marketing, 2024 [10.1016/j.ijresmar.2024.05.005], Available at SSRN: https://ssrn.com/abstract=4683869 or http://dx.doi.org/10.1016/j.ijresmar.2024.05.005

Lukas Jürgensmeier (Contact Author)

Goethe University Frankfurt ( email )

Theodor-W.-Adorno Platz 4
Frankfurt am Main, 60323
Germany

Bernd Skiera

Goethe University Frankfurt ( email )

Theodor-W.-Adorno-Platz 4
Frankfurt, 60323
Germany
+49 69 798 34649 (Phone)
+49 69 798 35001 (Fax)

HOME PAGE: http://www.skiera.de

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