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Reconceptualising the external validity of discrete choice experiments
1Centre for Health Economics, Faculty of Business and Economics, Monash University, Melbourne, Australia, emily.lancsar@monash.edu.
External validity in discrete choice experiments (DCEs) needs broader assessment beyond outcome comparison. This study proposes a new conceptualization of external validity, integrating process validity from DCE design to enhance real-world applicability.
Area of Science:
- Health Economics
- Decision Science
- Behavioral Economics
Background:
- External validity of Discrete Choice Experiments (DCEs) is critical for applying findings in clinical, commercial, and policy settings.
- Current research often focuses narrowly on comparing final outcomes, limiting the understanding of DCE generalizability.
- Existing empirical tests of external validity in health economics and other sectors are reviewed.
Purpose of the Study:
- To broaden the conceptualization of external validity beyond outcome comparison in DCEs.
- To introduce a new framework linking external validity to process validity and early DCE design.
- To suggest practical methods for exploring this comprehensive view of external validity.
Main Methods:
- Review of traditional theories and tests for external validity in DCEs.
- Analysis of empirical applications in health economics, transport, environment, and marketing.
- Development of a new conceptual model for external validity integrated with DCE process.
Main Results:
- Traditional external validity assessment in DCEs is often limited to predictive performance.
- A broader definition of external validity, encompassing process validity, is proposed.
- The study argues for pursuing external validity objectives from the initial conceptualization and design phase of DCEs.
Conclusions:
- External validity in DCEs requires a more holistic approach than solely comparing outcomes.
- Integrating process validity into DCE design enhances the pursuit of external validity.
- The proposed conceptualization offers innovative avenues for exploring and ensuring the external validity of DCE findings.
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