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Test-retest reliability in metric conjoint experiments: Important requirement or overrated nuisance?

Title data

Schüler, Jens ; Küsshauer, Alexander ; Anderson, Brian S. ; Baum, Matthias:
Test-retest reliability in metric conjoint experiments: Important requirement or overrated nuisance?
In: Academy of Management Proceedings. (2022) Issue 1 .
ISSN 2151-6561
DOI: https://doi.org/10.5465/AMBPP.2022.260

Abstract in another language

Metric conjoint studies are a popular research design in the entrepreneurship domain to tap into the decision-making processes of individuals. For these studies, test-retest reliabilities of r = 0.70 or higher, are considered as the central and most important quality criteria that can make or break any study. Although the importance of this criterion is routinely highlighted in best-practice recommendations, we lack actual empirical evidence on its usefulness in the conjoint context i.e. the sensitivity of conjoint results upon varying test-retest reliabilities remains unclear. Therefore, drawing on a comprehensive review of metric conjoint studies published in the entrepreneurship literature, we conduct a Monte Carlo simulation to investigate how various test-retest reliabilities and modeling considerations affect regression outcomes in conjoint studies. Our simulations indicate a more cautious perspective towards test-retest reliabilities for metric conjoint designs and best practice recommendations are discussed.

Further data

Item Type: Article in a journal
Refereed: Yes
Additional notes: This paper received a best paper nomination and thus appeared in the Academy of Management Proceedings
Keywords: AOM Annual Meeting Proceedings 2022, AOM Seattle 2022, Best Paper
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVI > Chair Business Administration XVI - Univ.-Prof. Dr. Matthias Baum
Faculties
Faculties > Faculty of Law, Business and Economics
Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration XVI
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
Date Deposited: 24 Apr 2023 10:54
Last Modified: 09 Oct 2023 13:33
URI: https://eref.uni-bayreuth.de/id/eprint/76085