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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...
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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...
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In this paper, we argue that some of the prior parameter distributions used in the literature for the construction of Bayesian optimal designs are internally inconsistent. We rectify this error and provide practical advice on how to properly specify the prior parameter distribution. Also, we...
Persistent link: https://www.econbiz.de/10014052361
In conjoint choice experiments, the semi-Bayesian D-optimality criterion is often used to compute efficient designs. The traditional way to compute this criterion which involves multi-dimensional integrals over the prior distribution is to use Pseudo-Monte Carlo samples. However, other sampling...
Persistent link: https://www.econbiz.de/10012718305
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...
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