EconPapers    
Economics at your fingertips  
 

Response time patterns in a stated choice experiment

Maria Börjesson and Mogens Fosgerau ()

Journal of choice modelling, 2015, vol. 14, issue C, 48-58

Abstract: This paper studies how response times vary between unlabelled binary choice occasions in a stated choice (SC) experiment, with alternatives differing with respect to in-vehicle travel time and travel cost. The pattern of response times is interpreted as an indicator of the cognitive processes employed by the respondents when making their choices. We find clear signs of reference-dependence in response times in the form of a strong gain–loss asymmetry. Moreover, different patterns of response times for travel time and travel cost indicate that these attributes are processed in different ways by respondents. This may be of particular relevance for choice experiments in the transportation field, where the travel time attribute is central.

Keywords: Response times; Stated choice; Data collection; Value of time; Reference-dependence (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1755534515000056
Full text for ScienceDirect subscribers only

Related works:
Working Paper: Response Time Patterns in a Stated Choice Experiment (2015) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:eejocm:v:14:y:2015:i:c:p:48-58

Access Statistics for this article

Journal of choice modelling is currently edited by S. Hess and J.M. Rose

More articles in Journal of choice modelling from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

 
Page updated 2019-10-09
Handle: RePEc:eee:eejocm:v:14:y:2015:i:c:p:48-58