The Effect of Learning and Fatigue on Preferences and WTP in a Choice Experiment
نویسندگان
چکیده
This paper addresses the issues of how learning and fatigue effects related to the repeated choices potentially affect respondents’ stated preferences in a Choice Experiment setting. In a case study concerning food quality attributes in chicken breast filet, the results show that a learning effect is indeed present in a sequence of 16 choice sets, whereas there is no evidence of fatigue effects. This conclusion is based on an observed reduction in the error variance for the last 8 choice sets relative to the first 8 choice sets. An analysis incorporating choice set specific scale factors reveals that the main part of the observed learning process takes place in the first choice set. The overall preference structure is found to differ significantly between the two sequences of choice sets. This suggests that the learning effect leads to changes in overall preference structure. Turning to a comparison of attribute WTP estimates, the results indicate that respondents refining and significantly adjusting their stated values upwardly for two of the four quality attributes considered in the survey. If the main objective of a Choice Experiment survey is to obtain policy advice in terms of WTP, then allowing for learning effects can be essential.
منابع مشابه
Evaluation of Preferences in Receiving Facilities Using Discrete Choice Experiment Technique
The present study evaluates the effect of some of the most important variables affecting the preferences of bank loan applicants, based on the discrete choice test method. Initially, the variables and their levels were identified after consultation with banking experts and the required information was collected through a questionnaire. The results show that any increase in interest rates, inten...
متن کاملUsing Discrete Choice Experiment to Determine Willingness to Pay for Medicine Interferon-Beta by Multiple Sclerosis Patients
This study explores the effects of Interferon-β characteristics such as country of origin, injection frequency and method, monthly cost, efficacy, and side effects on multiple-sclerosis patients’ willingness to pay. For this purpose, MS patients with a history of using Interferon-β were studied from the three major Isfahan MS centers. Choice sets were designed with a combination of attributes a...
متن کاملPatient Preferences for Depression Treatment Programs and Willingness To Pay for Treatment: Heterogeneity and Anhedonia Short title: Patient Preferences for Depression Treatment Programs
Background: Current estimates of the societal costs of depression do not include estimates of how much individuals diagnosed with Major Depressive Disorder (MDD) would pay to eliminate their depression. Choice experiment data and discrete-choice random-utility models provide a useful method for valuing changes in mental health and mental-health treatment programs. Aims of the study: (1) To demo...
متن کاملEliciting Preferences for Health Insurance in Iran Using Discrete Choice Experiment Analysis
Background The preferences of Iranians concerning the attributes of health insurance benefit packages are not well studied. This study aimed to elicit health insurance preferences among insured people in Iran during 2016. Methods A mixed method...
متن کاملEconomic Valuation of Cultural Goods (Case Study: Isfahan City of Arts)
In today’s world, no one can deny the expansion of economic influence in the various aspects of social life and economization of immaterial issues of social life is becoming more obvious every day. The valuation of cultural goods, as one of the most important economic aspects related to arts and culture, is chosen to be considered in this study. The necessity of considering the economic valuat...
متن کامل