It is important to adjust for heterogeneity in both preference and variance scale at the level of individual respondents (Louviere et al., 2000 ; Swait and Adamowicz, 2001 ; Louviere et al., 2002 ; Fiebig et al., 2010 ). Variance scale is concerned with how consistent individuals are in making their choices: some individuals are more consistent and others are less so. If this is not adjusted for, people may be thought to have different preferences where, in fact, their preferences are similar but they are just less consistent in making them. Although this makes the analysis considerably more complex, it is vital in estimating a set of population values (Flynn et al., 2010 (link)), because not accounting for this sort of heterogeneity leads to bias in the mean estimates obtained from limited dependent variable (such as probit and logit) models (Yatchew and Griliches, 1985 ). A series of cluster analyses based on functions of the best-minus-worst scores was conducted, with further details provided in Appendix 2 (Supporting Information). These did not provide the final capability scores but were essential in ensuring that the main scale-adjusted latent class analyses (SALCs) did not give spurious solutions, such as finishing at a local maximum of the likelihood function.
Adjusting for Preference Heterogeneity in Choice Experiments
It is important to adjust for heterogeneity in both preference and variance scale at the level of individual respondents (Louviere et al., 2000 ; Swait and Adamowicz, 2001 ; Louviere et al., 2002 ; Fiebig et al., 2010 ). Variance scale is concerned with how consistent individuals are in making their choices: some individuals are more consistent and others are less so. If this is not adjusted for, people may be thought to have different preferences where, in fact, their preferences are similar but they are just less consistent in making them. Although this makes the analysis considerably more complex, it is vital in estimating a set of population values (Flynn et al., 2010 (link)), because not accounting for this sort of heterogeneity leads to bias in the mean estimates obtained from limited dependent variable (such as probit and logit) models (Yatchew and Griliches, 1985 ). A series of cluster analyses based on functions of the best-minus-worst scores was conducted, with further details provided in Appendix 2 (Supporting Information). These did not provide the final capability scores but were essential in ensuring that the main scale-adjusted latent class analyses (SALCs) did not give spurious solutions, such as finishing at a local maximum of the likelihood function.
Corresponding Organization :
Other organizations : University of Technology Sydney, University of Bristol, University of Birmingham, University College London
Protocol cited in 14 other protocols
Variable analysis
- Best-minus-worst scores
- Preference
- Variance scale
- Heterogeneity in preference
- Heterogeneity in variance scale
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