Publication
Title
The usefulness of Bayesian optimal designs for discrete choice experiments
Author
Abstract
Recently, the use of Bayesian optimal designs for discrete choice experiments, also called stated choice experiments or conjoint choice experiments, has gained much attention, stimulating the development of Bayesian choice design algorithms. Characteristic for the Bayesian design strategy is that it incorporates the available information about people's preferences for various product attributes in the choice design. This is in contrast with the linear design methodology, which is also used in discrete choice design and which depends for any claims of optimality on the unrealistic assumption that people have no preference for any of the attribute levels. Although linear design principles have often been used to construct discrete choice experiments, we show using an extensive case study that the resulting utility-neutral optimal designs are not competitive with Bayesian optimal designs for estimation purposes.
Language
English
Source (journal)
Applied stochastic models in business and industry. - Bognor Regis
Publication
Bognor Regis : 2011
ISSN
1524-1904
Volume/pages
27:3(2011), p. 173-188
ISI
000292660100001
Full text (Publisher's DOI)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 04.07.2011
Last edited 16.07.2017
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