Adaptive Hybrid Methods for Choice-Based Conjoint Analysis: A Comparative Study


  •  Robert Bauer    
  •  Klaus Menrad    
  •  Thomas Decker    

Abstract

Adaptive choice-based conjoint analysis (ACBC) and hybrid individualized two-level choice-based conjoint analysis (HIT-CBC) were developed to improve standard choice-based conjoint analysis through additional interviewing techniques. Both methods have demonstrated their applicability in comparison to standard choice-based conjoint methods. The objective of our study was a direct comparison of the two adaptive hybrid methods ACBC and HIT-CBC. Therefore, we analysed the previous comparative literature on the methods and used the results to conduct both a Monte Carlo simulation study and an empirical study for validity comparisons. The simulation study confirms the vulnerability of HIT-CBC to produce incorrect ratings of respondents in the last part of the questionnaire. The empirical findings reveal an advantage of ACBC in comparison to the current version of HIT-CBC. We conclude that the rating tasks in the last section of HIT-CBC questionnaires reduce the predictive validity of the method and suggest an improvement to HIT-CBC.



This work is licensed under a Creative Commons Attribution 4.0 License.
  • ISSN(Print): 1918-719X
  • ISSN(Online): 1918-7203
  • Started: 2009
  • Frequency: quarterly

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