D-optimal conjoint choice designs with no-choice options for a nested logit model
AbstractDespite the fact that many conjoint choice experiments offer respondents a no-choice option in every choice set, the optimal design of conjoint choice experiments involving no-choice options has received only a limited amount of attention in the literature. In this article, we present an approach to construct D-optimal designs for this type of experiment. For that purpose, we derive the information matrix of a nested multinomial logit model that is appropriate for analyzing data from choice experiments with no-choice options. The newly derived information matrix is compared to the information matrix for the multinomial logit model that is used in the literature to construct designs for choice experiments. It is also used to quantify the loss of information in a choice experiment due to the presence of a no-choice option.
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Bibliographic InfoPaper provided by University of Antwerp, Faculty of Applied Economics in its series Working Papers with number 2008020.
Length: 22 pages
Date of creation: Dec 2008
Date of revision:
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Web page: https://www.uantwerp.be/en/faculties/applied-economic-sciences/
More information through EDIRC
Choice-based conjoint; Information loss; Multinomial logit model; Nested logit model; No-choice option;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-17 (All new papers)
- NEP-DCM-2009-01-17 (Discrete Choice Models)
- NEP-ECM-2009-01-17 (Econometrics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Kessels, Roselinde & Jones, Bradley & Goos, Peter & Vandebroek, Martina, 2009. "An Efficient Algorithm for Constructing Bayesian Optimal Choice Designs," Journal of Business & Economic Statistics, American Statistical Association, vol. 27(2), pages 279-291.
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