Preference stability: Modelling how consumer preferences shift after receiving new product information
- Publication Type:
- Choice Modelling: The State-of-the-Art and the State-of-Practice, 2010, 1st, pp. 499 - 516
- Issue Date:
An assumption made in many applications of stated preference modeling is that preferences remain stable over time and OYer multiple exposures to information about choice alternatives. However, there are many domains where this assumption can be challenged. One of these is where individuals learn about new products. This paper aims to test how attribute preferences as measured in an experimental choice task shift when respondents are exposed to new product information. The paper presents results from a study investigating consumer preferences for a new consumer electronics product conducted among 400 respondents from a large consumer panel. All respondents received several choice tasks and were then able to read additional information about the new product.
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