Small value-of-time experiment, Netherlands ...

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 remainin... Mehr ...