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A Comparison of Criteria to Design Efficient Choice Experiments

Kessels, Roselinde - ; Goos, Peter - ; Vandebroek, Martina - ;

To date, no attempt has been made to design efficient choice experiments by means of the G- and V-optimality criteria. These criteria are known to make precise response predictions, which is exactly what choice experiments aim to do. In this article, the authors elaborate on the G- and V-optimality criteria for the multinomial logit model and compare their prediction performances with those of the D- and A-optimality criteria. They make use of Bayesian design methods that integrate the optimality criteria over a prior distribution of likely parameter values. They employ a modified Fedorov algorithm to generate the optimal choice designs. They also discuss other aspects of the designs, such as level overlap, utility balance, estimation performance, and computational effectiveness.


Ketersediaan

Call NumberLocationAvailable
JM4306PSB lt.dasar - Pascasarjana1
PenerbitChicago: American Marketing Association 2006
EdisiVol. 43, No. 3 (Aug., 2006), pp. 409-419
SubjekConsumer behavior
Decision making
Research methodology
Data analysis
Choice modeling
experimental design
ISBN/ISSN0022-2437
KlasifikasiNONE
Deskripsi Fisik11 p.
Info Detail SpesifikJournal of Marketing
Other Version/RelatedTidak tersedia versi lain
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