Title: A comparison of criteria to design efficient choice experiments
Authors: Kessels, Roselinde ×
Goos, P
Vandebroek, Martina #
Issue Date: 2006
Series Title: Journal of Marketing Research vol:43 issue:3 pages:409-419
Abstract: 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.
ISSN: 0022-2437
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center for Operations Research and Business Statistics (ORSTAT), Leuven
× corresponding author
# (joint) last author

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