Logo
Munich Personal RePEc Archive

Response Time Patterns in a Stated Choice Experiment

Börjesson, Maria and Fosgerau, Mogens (2015): Response Time Patterns in a Stated Choice Experiment. Forthcoming in: Journal of Choice Modelling

[thumbnail of MPRA_paper_62002.pdf]
Preview
PDF
MPRA_paper_62002.pdf

Download (211kB) | Preview

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.

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.