TY - JOUR
T1 - Implausible alternatives in eliciting multi-attribute value functions
AU - Vetschera, Rudolf
AU - Weitzl, Wolfgang
AU - Wolfsteiner, Elisabeth
N1 - Copyright:
Copyright 2014 Elsevier B.V., All rights reserved.
PY - 2014/4/1
Y1 - 2014/4/1
N2 - Many methods to elicit preference models in multi-attribute decision making rely on evaluations of a set of sample alternatives by decision makers. Using orthogonal design methods to create this set of alternatives might require respondents to evaluate unrealistic alternatives. In this paper, we perform an empirical study to analyze whether the presence of such implausible alternatives has an effect on the quality of utility elicitation. Using a new approach to measure consistency, we find that implausible alternatives in fact, have a positive effect on consistency of intra-attribute preference information and consistency with dominance, but do not affect inter-attribute preference information.
AB - Many methods to elicit preference models in multi-attribute decision making rely on evaluations of a set of sample alternatives by decision makers. Using orthogonal design methods to create this set of alternatives might require respondents to evaluate unrealistic alternatives. In this paper, we perform an empirical study to analyze whether the presence of such implausible alternatives has an effect on the quality of utility elicitation. Using a new approach to measure consistency, we find that implausible alternatives in fact, have a positive effect on consistency of intra-attribute preference information and consistency with dominance, but do not affect inter-attribute preference information.
KW - Conjoint Analysis
KW - Implausible alternatives
KW - Multiple criteria analysis
KW - Preference learning
UR - http://www.scopus.com/inward/record.url?scp=84890441164&partnerID=8YFLogxK
U2 - 10.1016/j.ejor.2013.09.016
DO - 10.1016/j.ejor.2013.09.016
M3 - Article
AN - SCOPUS:84890441164
SN - 0377-2217
VL - 234
SP - 221
EP - 230
JO - European Journal of Operational Research
JF - European Journal of Operational Research
IS - 1
ER -