Find out what people care about when making choices involving trade-offs.
1000minds Conjoint Analysis helps you answer questions like:
- Which attributes or characteristics of a product or other alternative of interest are most important to consumers or citizens?
- What is their relative importance (weights)?
- How are different products or other alternatives of interest ranked relative to each other, and which is best?
In addition to our valued business and government clients, we’re honoured that 1000minds is used for research and teaching at 420+ universities and other research organizations worldwide – confirming our scientific validity and user-friendliness (see our awards).
We have a wide range of conjoint analysis examples, designed to give you a feel for how 1000minds works – if you would like to experience them yourself now (you’ll be asked to create a trial account if you don’t have one already – very easy!).
Conjoint analysis terminology
Conjoint analysis – also known as Choice Modelling or Discrete Choice Experiments (DCEs) – is widely used in the social sciences, marketing research and for designing new products.
Conjoint analysis has its own specialised terminology (i.e. different from Multi-Criteria Decision-Making):
- Attributes: Features or characteristics of the product or other alternative of interest, with two or more levels of performance or achievement.
- Part-worth utilities: Values (or weights) representing the relative importance of the attributes.
- Concepts (or Profiles): Combinations of attributes representing particular products or other alternatives of interest.
For example, conjoint analysis is used to discover car-buyers’ preferences with respect to ‘fuel efficiency’, ‘top speed’, ‘safety’, ‘price’, etc. Another example is discovering the relative importance of the various attributes of hospital services that people care about: such as ‘quality of care’ vs ‘waiting time’ vs ‘amenities’ vs ‘price’, etc.
If you are new to conjoint analysis (or a little rusty!), you might find this article useful and interesting: What is conjoint analysis? (including an example illustrating the range of outputs available from 1000minds directly or with a little further analysis)
Choice-based, adaptive conjoint analysis
1000minds implements the PAPRIKA pairwise comparisons method to determine people’s part-worth utilities (weights) by asking questions based on choosing between pairs of concepts involving trade-offs between the attributes. An example of a question – involving designing a car – appears below. Hence this type of conjoint analysis is referred to as ‘choice-based’.
In addition, 1000minds is a type of ‘adaptive’ conjoint analysis because each time a choice is made, 1000minds adapts by formulating a new question to ask based on all previous choices.
1000minds is fast and scaleable. No extra analysis is needed to derive standard conjoint analysis outputs (see analyzing outputs). Also, potentially 1000s of people can participate in conjoint analysis surveys.
Or build your own models from scratch.