Small value-of-time experiment, Netherlands
datasetposted on 09.10.2018 by Sander van Cranenburgh
Datasets usually provide raw data for analysis. This raw data often comes in spreadsheet form, but can be any collection of data, on which analysis can be performed.
Description of the data set: These data are collected with the aim to analyse the impact of the decision rule that is used when constructing the experimental design on the statistical efficiency of the design. It focusses on 2 decision rules: Random Utility Maximisation (RUM) and Random Regret Minimisation (RRM). Each respondents in the data set was presented 10 choice tasks. 4 choice tasks belong to a RUM efficient experimental design and 4 choice tasks belong to a RRM efficient experimental design. The RUM and RRM efficient designs have 1 choice task in common. Therefore there are 3 remaining choice tasks. These choice tasks are added with no particular decision rule in mind.