We believe that the logic and the data we have presented in this manuscript indicate
considerable promise for using the alternative conjoint methodology. We see, however, two
significant limitations.
First, we suspect that this method is far more appropriate for circumstances where a
strong case can be made that rational decision-making will generally prevail. Because the
nature of the task requires subjects to "decompose" their judgments into the
component parts, we believe this decomposition requires a greater degree of rationality.
More emotional decisions, those involving beauty, physical attractiveness, taste, and the
like, may not work as well. Note that we do not yet have data in support of this
assumption, but it is a significant concern that we have.
Second, as currently formulated, the underlying attributes must be binary
characteristics. While it would certainly be possible to get the mathematics and
statistics to work out by using dummy variables to capture the multiple categories for a
single attribute, we are concerned with the practical aspects of collecting both the
rating and the ranking data under these circumstances, and the effect that these
logistical problems would have on the validity of the data. We suspect that using a dummy
variable elaboration will be more feasible if the attribute's levels are truly nominal
(e.g., black, white, or green) as opposed to ordinal (e.g., hot, warm, or cold).
Despite these limitations one speculative and the other probably a function of the
state of development we believe that the approach has substantial value. By greatly
simplifying the task of collecting conjoint-related data, we have made it possible to
obtain data with greater external validity at a lower cost than traditional methods.
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