Response Time Patterns in a Stated Choice Experiment

Maria Börjesson and Mogens Fosgerau

MPRA Paper from University Library of Munich, Germany

Abstract: This paper studies how response times vary between unlabeled 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 (search for similar items in EconPapers)
JEL-codes: C83 D87 R41 (search for similar items in EconPapers)
Date: 2015-02-09
New Economics Papers: this item is included in nep-dcm, nep-neu and nep-tre
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Citations: View citations in EconPapers (7)

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Journal Article: Response time patterns in a stated choice experiment (2015)
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