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0Review of the Energy Efficiency Improvement Scheme Final Report | 26 March 2024Review of the Energy Efficiency Improvement Scheme2 FinalFrontier Economics Pty Ltd is a member of the Frontier Economics
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Identify the attributes and levels to be included in the choice experiment.
02
Develop choice sets with different combinations of attributes and levels.
03
Decide on the number of choice sets to be included in the experiment.
04
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Present participants with choice sets and ask them to make selections.
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Analyze the data to understand preferences and make inferences.

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A choice experiment is used to assess preferences and choices among different options or scenarios.
Researchers, policymakers, and businesses may be required to conduct and file a choice experiment for certain studies or projects.
A choice experiment should be carefully designed with specific attributes and levels for respondents to choose from. Data collection methods such as surveys or interviews are then used to gather responses.
The purpose of a choice experiment is to understand consumer preferences, behaviors, and willingness to pay for different features or products.
Information such as the attributes and levels offered, the respondents' choices, demographic variables, and any relevant analyses or results should be reported on a choice experiment.
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