On the robustness of efficient experimental designs towards the underlying decision rule
- Publication Type:
- Journal Article
- Transportation Research Part A: Policy and Practice, 2018, 109 pp. 50 - 64
- Issue Date:
© 2018 Elsevier Ltd We present a methodology to derive efficient designs for Stated Choice (SC) experiments based on Random Regret Minimisation (RRM) behavioural assumptions. This complements earlier work on the design of efficient SC experiments based on Random Utility Maximisation (RUM) models. Capitalizing on this methodology, and using both analytical derivations and empirical data, we investigate the importance of the analyst's assumption regarding the underlying decision rule used to generate the efficient experimental design. We find that conventional RUM-efficient designs can be statistically highly inefficient in cases where RRM is the better representation of the actual choice behaviour, and vice versa. Furthermore, we present a methodology to construct efficient designs that are robust towards the uncertainty on the side of the analyst regarding the underlying decision rule.
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