Analyzing preferences ranking when there are too many alternatives.
Consumer preferences can be measured by rankings of alternatives. When there are too many alternatives, this consumer task becomes complex. One option is to have consumers rank only a subset of the available alternatives. This has an impact on subsequent statistical analysis, as now a large amount of ties is observed. We propose a simple methodology to perform proper statistical analysis in this case. It also allows to test whether (parts of the) rankings are random or not. An illustration shows its ease of application.
|Keywords||preferences, ranking, ties|
|Publisher||Erasmus School of Economics (ESE)|
|Series||Econometric Institute Research Papers|
|Journal||Report / Econometric Institute, Erasmus University Rotterdam|
Lam, K.Y, Koning, A.J, & Franses, Ph.H.B.F. (2008). Analyzing preferences ranking when there are too many alternatives. (No. EI 2008-06). Report / Econometric Institute, Erasmus University Rotterdam (pp. 1–20). Erasmus School of Economics (ESE). Retrieved from http://hdl.handle.net/1765/11707