Conjoint analysis

Developments in Conjoint Analysis

Conjoint Analysis: Marketing Engineering

Table of

Incentive-aligned Conjoint Analysis

Because most conjoint studies are conducted in hypothetical situations with no consumption consequences for the participants, the extent to which the studies are able to uncover “true” consumer preference structures is questionable. Experimental economics literature, with its emphasis on incentive alignment and hypothetical bias, suggests that more realistic incentivealigned studies will result...

Adaptive Choice-Based Conjoint Analysis

Conjoint analysis (CA) has emerged as an important approach to the assessment of health service preferences. This article examines Adaptive Choice-Based Conjoint Analysis (ACBC) and reviews available evidence comparing ACBC with conventional approaches to CA. ACBC surveys more closely approximate the decision-making processes that influence real-world choices. Informants begin ACBC surveys by c...

The Concept of Conjoint Analysis

1. Predicting the profitability and/or market share for proposed new product concepts given the current offering of competitors. 2. Predicting the impact of new competitor products on profits or market share if we make no change in our competitive position. 3. Predicting customer switch rates either from our current products to new products we offer (cannibalism), or from our competitors’ produ...