Showing 1 - 10 of 22
In this paper, we propose an efficient individually adapted sequential Bayesian approach for constructing conjoint choice experiments. It uses Bayesian updating, a Bayesian analysis and a Bayesian design criterion for generating choice-set-designs for each individual respondent based on previous...
Persistent link: https://www.econbiz.de/10013160281
In a classical conjoint choice experiment, respondents choose one profile from each choice set that has to be evaluated. However, in real life the respondent does not always make a choice: often he/she does not prefer any of the alternatives offered. Therefore, including a no-choice option in a...
Persistent link: https://www.econbiz.de/10012725487
The authors propose a fast and efficient algorithm for constructing D-optimal conjoint choice designs for mixed logit models in the presence of respondent heterogeneity. With this new algorithm, the construction of semi-Bayesian D-optimal mixed logit designs with large numbers of attributes and...
Persistent link: https://www.econbiz.de/10012725793
In a rank-order conjoint experiment, the respondent is asked to rank a number of alternatives instead of choosing the preferred one, as is the standard procedure in conjoint choice experiments. In this paper, we study the efficiency of those experiments and propose a D-optimality criterion for...
Persistent link: https://www.econbiz.de/10012725795
In this paper, we propose a simple strategy to construct D-, A-, G- and V-optimal two-level multi-attribute designs for rating-based conjoint studies. Our approach combines orthogonal designs and balanced or partially balanced incomplete block designs. In order not to overload respondents with...
Persistent link: https://www.econbiz.de/10012730573
Recently, Kessels et al. (2006) developed a way to produce Bayesian G- and V-optimal designs for the multinomial logitmodel. These designs allow for precise response predictions which is the goal of conjoint choice experiments. The authors showed that the G- and V- optimality criteria outperform...
Persistent link: https://www.econbiz.de/10012730574
Within the context of choice experimental designs, most authors have proposed designs for the multinomial logit model under the assumption that only the main effects matter. Very little attention has been paid to designs for the attribute interaction models. In this paper, we present Bayesian...
Persistent link: https://www.econbiz.de/10014057910
Conjoint choice experiments have become a powerful tool to explore individual preferences. The consistency of respondents' choices depends on the choice complexity. For example, it is easier to make a choice between two alternatives with few attributes than between five alternatives with several...
Persistent link: https://www.econbiz.de/10013137705
Due to the increasing interest in market segmentation in modern marketing research, several methods for dealing with consumer heterogeneity and for revealing market segments have been described in the literature.In this study, the authors compare eight two-stage segmentation methods that aim to...
Persistent link: https://www.econbiz.de/10013124965
Persistent link: https://www.econbiz.de/10003834780