by Michiel Bliemer » Sun Aug 04, 2024 8:27 am
I do not have much expertise in best-worst scaling and I am not sure if formulas for sample size calculations have been derived for this type of method. To do something similar as in discrete choice experiments, you would need to derive its analytical variance-covariance matrix, noting that it needs to account for two choices in each choice task (namely the best and the worst choice), and have priors for each parameter. If analytical derivations do not exist in the literature, you could resort to simulation in which you simulate choice observations for different sample sizes, estimate the model for each simulated data set, and observe the t-ratios or p-values of the estimated parameters.
Michiel