9781680835267-1680835262-Foundations of Stated Preference Elicitation: Consumer Behavior and Choice-based Conjoint Analysis (Foundations and Trends(r) in Econometrics)

Foundations of Stated Preference Elicitation: Consumer Behavior and Choice-based Conjoint Analysis (Foundations and Trends(r) in Econometrics)

ISBN-13: 9781680835267
ISBN-10: 1680835262
Author: Daniel McFadden, Kenneth Train, Moshe Ben-Akiva
Publication date: 2019
Publisher: Now Publishers
Format: Paperback 144 pages
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Book details

ISBN-13: 9781680835267
ISBN-10: 1680835262
Author: Daniel McFadden, Kenneth Train, Moshe Ben-Akiva
Publication date: 2019
Publisher: Now Publishers
Format: Paperback 144 pages

Summary

Foundations of Stated Preference Elicitation: Consumer Behavior and Choice-based Conjoint Analysis (Foundations and Trends(r) in Econometrics) (ISBN-13: 9781680835267 and ISBN-10: 1680835262), written by authors Daniel McFadden, Kenneth Train, Moshe Ben-Akiva, was published by Now Publishers in 2019. With an overall rating of 4.4 stars, it's a notable title among other Econometrics & Statistics (Economics) books. You can easily purchase or rent Foundations of Stated Preference Elicitation: Consumer Behavior and Choice-based Conjoint Analysis (Foundations and Trends(r) in Econometrics) (Paperback) from BooksRun, along with many other new and used Econometrics & Statistics books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $0.63.

Description

Foundations of Stated Preferences Elicitation provides the reader with stated preference data collection methods, discrete choice models, and statistical analysis tools that can be used to forecast demand and assess welfare impacts for new or modified products or services in real markets, and summarize the conditions under which the reliability of these methods has been demonstrated or can be tested. One focus is the collection of preference and related data from consumer responses in hypothetical choice experiments, particularly conjoint analysis methods that have proven useful in market research. Another is the economic theory and statistical analysis of choice behavior, revealed or stated, and an economic framework for forecasting market demand and measuring consumer welfare. The treatment is informed by and benefits from experiments on perceptions and decision-making behavior in cognitive science and behavioral economics, and includes methods that can accommodate features of consumer choice that impact forecast reliability such as anchoring, adaptation to the status quo, and sensitivity to context. However, the authors’ emphasis is on forecasting tools developed from traditional economic consumer theory and does not touch on the implications of behavioral consumer theory for demand forecasting.

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