Measurement of preferences with self-explicated approaches: A classification and merge of trade-off- and non-trade-off-based evaluation types
- Publication Type:
- Journal Article
- Citation:
- European Journal of Operational Research, 2014, 238 (1), pp. 185 - 198
- Issue Date:
- 2014-10-01
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| Filename | Description | Size | |||
|---|---|---|---|---|---|
| 1-s2.0-S0377221714002240-main.pdf | Published Version | 2.02 MB |
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Self-explicated approaches are popular preference measurement approaches for products with many attributes. This article classifies previous self-explicated approaches according to their evaluation types, i.e. trade-off- versus non-trade-off-based, and outlines their advantages and disadvantages. In addition, it proposes a new method, the presorted adaptive self-explicated approach that is based on Netzer and Srinivasan's (2011) adaptive self-explicated approach and that combines trade-off- and non-trade-off-based evaluation types. Two empirical studies compare this new method with the most popular existing self-explicated approaches, including the adaptive self-explicated approach and paired comparison preference measurement. The new method overcomes the insufficient discrimination between importance weights, as usually found in non-trade-off-based evaluation types; discourages respondents' simplification strategies, as are frequently encountered in trade-off evaluation types; is easy to implement; and yields high predictive validity compared with other popular self-explicated approaches. © 2014 Elsevier B.V. All rights reserved.
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