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Online Pro perty Ma rketing :
The Effect of Presentation Style on Consumer Intention
to Inspect Property Options
Jacqueline Baker / Mid-Candidature Review
Presentation sub heading to be
inserted here
Presenter’s Name, Department Title – xxth Month 2014
1
Presentation Agenda
1. Methodology & Conceptual Model
2. Survey
3. Analysis - Effects
4. Analysis Hypothesis 1
5. Analysis Hypothesis 2
6. Study 2
7. Expected Contributions
8. Timeline
9. References
2
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Methodology & Conceptual Model
3
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Where the study is positioned
4
Topics Domain Papers
Representation Marketing, Communication,
Education,
Architecture / Environmental
Design & Planning
Lurie, N. & Mason, C. (2007)
Orzechowski et al. (2005, 2012)
Oppewal, H. and M. Klabbers (2003)
Johnson (1998)
Online Marketing Marketing, Environmental
Psychology, Consumer
behaviour
Rohrmann, B. & Bishop, I. (2002)
Schlosser, A. (2006)
Housing choice Housing Research,
Real Estate, Property
Development
Iman et al. (2012).
Jansen et al. (2009)
Walker, B., et al. 2002
Cognitive style Psychology, Education Childers, Houston & Heckler (1985)
Mayer, R. E. & Massa, L. J. (2003)
Pacini, R., & Epstein, S. (1999)
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
• Stated Preference (SP) methods measure preference or choice for
intended behaviour (Louviere, Hensher & Swait, 2000)
• Underpinned by Information Integration Theory (Anderson, 1982, 1981,1970)
• 4 stages of evaluating and choosing
Stated Preference Methods
5
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
The research –
Two choice and preference studies
Two stages of the same conceptual model
6
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Conceptual Model at
Confirmation
Independent
Variables
Spatial Layout
Price
Parking
Storey
Proximity to services
Dependent
Variables
Rating of property
Intention to visit
Moderated by Cognitive Style
& Experience
H3
7
Presentation
H1
Training
H2
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Conceptual Model with
additional experimental
variables
Apartment
Features:
Size
Orientation
Dependent
Variables
Rating of
property
Intention to
visit
Moderated by:
Cognitive Style & Experience
H3
8
Presentation
Style
H1
Training
Type
Before/After
training
H2
C O N D I T I O N S
Needs
Type
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Research Hypotheses: (Based on
Stated Preference Tasks)
9
HI
• visually presented spatial attributes will be more
important than verbal
H2
• after training, the verbal and the visual versions of
spatial attributes will generate greater similarity in
utilities
H3
• the more experienced individuals are with spatial
representations and the more visual an individual is,
the more the spatial attribute gains in importance
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Survey
Presentation title 10
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
11
Four collections were carried out in the
Behavioural Lab, Building S, Monash University.
Collection 1: 19th - 20th September 2013
Collection 2: 31st March - 2nd April 2014
Collection 3: 7th - 9th May 2014
Collection 4: 28th – 29th August 2014
Data collection dates
Pilot Study
Collection
1
Main Study
Collection
2
Main Study
Collection
3
Main Study
Collection
4
Version 1 70 61 46 79
Version 2 18 71 36 66
Version 3 10 71 42 68
Version 4 27 74 30 63
Number of participants 118 277 154 276
Cases removed 7 7 7 11
Total together 118 270 147 265
% cases removed 5.6% 3.7%
Total sample size 800
12
Data collection numbers
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Within subjects
variables
Level 1 Level 2
Size With dining
room
No dining
room
Orientation North-facing South-facing
Training Evaluations
Before
training
Evaluations
After training
Between subjects
variables
Level 1 Level 2
Presentation
Style
Visual Verbal
Needs Type Plenty of
Space
Good
Orientation
Training Type Size training Orientation
training
14
Scenario:
Rental Property Search
Survey Flow
Assumed Needs:
Apartment needs to be sunny
OR needs to be spacious
Evaluate again
Training:
Either training about assessing orientation
Or Assessing size
Evaluate: Either evaluate
visual or verbal apartments
Questions:
Online search behaviour
Cognitive Style testingThe Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Suppose you have graduated.
You have decided you want to live
alone.
You have decided you'll search for a
1 bedroom apartment on-line.
You have selected South Yarra in
Melbourne, Australia, as
your preferred location.
You have determined you can afford
to pay $350-$450 per week rent.
Now imagine that you enter your
search criteria on-line using a real
estate portal such as
realestate.com:
Property type: Apartment
Number of bedrooms: 1
Location: South Yarra (Melbourne,
Australia)
Price: $350 - $450 per week
15
We are interested in people's decision-making process when renting apartments.
For this study, please imagine the following:
Hypothetical Scenario
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
16
1
Four apartment options match your search
criteria. The four apartments are presented
over the following pages.
When considering each apartment option, you
decide to check whether they can
accommodate your further
requirements. Imagine that you specifically
want:
To dry clothes on a clothes airer
Natural warmth in winter
A separate foyer
A compact laundry
2
Four apartment options match your search
criteria. The four apartments are presented
over the following pages.
When considering each apartment option, you
decide to check whether they can
accommodate your further
requirements. Imagine that you specifically
want:
To hold dinner parties for 6 people
Room for friends to sleepover
A separate foyer
A compact laundry
Assumed spatial needs:
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Apartment Evaluations
Respondents were asked to evaluate 4 different apartments
Apartments were represented by either floor-plans or content-equivalent text
descriptions (not both)
Respondents were either asked to evaluate the apartment for either their space
related or orientation related needs (not both)
Scale 1 (dislike extremely) – 5 (like extremely)
17
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
18
Apartment 1
Given your needs, how much do you like this apartment?
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Apartment 1
19
Apartment 1
• Total floor-space 60m2
• 8.5m x 3.5m open plan living, dining
and kitchen
• Built-in robe in bedroom
• Large windows and all-day direct sun
• Dining room seats 6
• Compact laundry in cupboard
Given your needs, how much do you like this apartment?
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Apartments – Visual Presentation Style
20
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Apartments: Verbal Presentation Style
21
Apartment 2
•Total floor-space 50m2
•5.9m x 3.5m open plan living and
kitchen
•Built-in robe in bedroom
•Large windows and all-day direct sun
•No dining room
• Compact laundry in cupboard
Apartment 1
•Total floor-space 60m2
•8.5m x 3.5m open plan living, dining and
kitchen
•Built-in robe in bedroom
•Large windows and all-day direct sun
•Dining room seats 6
•Compact laundry in cupboard
Apartment 3
•Total floor-space 60m2
•8.5m x 3.5m open plan living, dining and
kitchen
•Built-in robe in bedroom
•Large windows but no direct sun
•Dining room seats 6
•Compact laundry in cupboard
Apartment 4
•Total floor-space 50m2
•5.9m x 3.5m open plan living and
kitchen
•Built-in robe in bedroom
•Large windows but no direct sun
•No dining room
•Compact laundry in cupboard
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Training sheet:
“Understanding Property Descriptions”
22
When assessing the position of property in relation to the sun, check
the direction of the North Point adjacent to the floorplan.
North indicates roughly the direction of the sun at midday. The sun rises to
the east of north and sets to the west of north.
Knowing the direction of north can assist in checking whether direct
sunlight will penetrate any of the window openings on the outside walls of
the apartment.
If the windows of the apartment are located to the east or west of
north and/or directly north, this tells you that the apartment is well
positioned in relation to North.
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Analysis – Effects
23
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Significance Partial
Eta
Squared
1 Size 0.000 .583
2 Size * Needs Type 0.000 .130
3 Orientation * Presentation Style 0.000 .103
4 Size * Presentation Style 0.000 .086
5 Orientation 0.000 .081
6 Orientation * Needs Type 0.000 .060
7 Orientation * Presentation Style * Needs Type 0.000 .031
8 Orientation * Training Type 0.000 .028
9 Presentation Style 0.000 .023
10 BeforeAfter * Orientation * Training Type 0.000 .020
11 BeforeAfter * Size 0.003 .013
12 BeforeAfter * Orientation 0.004 .012
13 Size * Presentation Style * Needs Type 0.007 .011
14 BeforeAfter * Orientation * Needs Type 0.008 .010
15 BeforeAfter * Orientation * Presentation Style * Needs Type 0.064 .005
16 Size * Needs Type * Training Type 0.072 .005
17 BeforeAfter * Orientation * Presentation Style * Needs Type * Training Type 0.048 .006
Significant Effects
24
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
25
1. Size
2. Size* Needs type
3. Orientation*
Presentation
Style
4. Size*Presentaion Style
5. Orientation
1. Size
2. Size* Needs type
3. Orientation* Presentation Style
4. Size*Presentaion Style
5. Orientation
6. Orientation* Needs type
7. Orientation* Presentation Style*Needs
Type
8. Orientation* Training Type
9. Presentation Style
10. BeforeAfter*Orientation* Training Type
11. BeforeAfter*Size
12. BeforeAfter*Orientation
13. Size*Presentation Style*Needs Type
14. BeforeAfter*Orientation* Needs Type
15. Size*Needs Type*Training Type
16. BeforeAfter*Orientation* Presentation
Style * Needs Type
Relative Effect sizes
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Analysis – Hypothesis 1
In a SP task, visually presented spatial attributes will be
more important than verbal
26
• Participants don’t appear to understand the floorplan – or perhaps people from the Northern
hemisphere were confused by “North-facing”?
27
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
• Verbal version more important, this is the opposite of what was expected
28
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
• Orientation related Needs/ orientation
attribute = verbal more important and floor-
plan not understood in visual condition
29
Space related Needs/ orientation attribute = verbal
more important. Haven’t understood floor-plan
in visual condition. Once again south-facing
scores higher. Floor-plans score highly perhaps
because they are pictures?
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Analysis – Hypothesis 2
Visually presented apartments will be more important than
verbal, conditional on training
30
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
• Orientation a fairly large effect before training
• Note there is no significant effect between Presentation Style and before/after training
31
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
• After training, those who received “space training” rated north-facing and south-facing much the same but
for those who received “orientation training,” there is an increased effect after training.
32
The Effect of Presentation Style on Consumer Intention to
Inspect Property Options
Study 2
Presentation title 33
Study 2
• Consumers looking to buy off-the-plan apartments
• Missing from the first study is participants with experience with floor-plans or other visual
styles of spatial representations. These consumers are expected to be much more
experienced with reading floor-plans (they could be screened)
• Recruitment – approach developer & request access to their contact list of buyers in the
market to purchase off-the-plan.
• Contacts could be sent an email with a link to the survey.
• It is proposed that the survey is much simpler and shorter. Some of the conditions developed
for study 1 won’t be necessary, such as “Needs Type, “Training”, “Training Type” however of
particular interest will be “presentation style” as we would like to test the original hypotheses
and compare results with the rental study.
• It is expected that participants will have experience with floor-plans and so we will not be
measuring evaluations before and after training.
• It is proposed that the study may use stated preference methods such as conjoint/ choice/
best worst scaling 34
Research contributions
35
• New visualization tool (focusing on
spatial needs) for products difficult
to explain
• Insight into whether training is
helpful for this tool
• Insights into inconsistencies in past
studies
• Insights into the effect of Cognitive
Style preference on SP experiments
• Insights into the effect of experience
on SP spatial studies
Theory
• Insight on whether inclusion of
floor plans will increase likelihood
of visits to property
• Understanding how expert visual
tools can be modified for lay-
people
• Insights for marketing
communication design
Industry
Timeline
36
Weeks Start date Task
4 2nd January –2nd March Perform key (only) analysis on Main Data
Prepare for Mid-Candidature Review
3 2nd March – 23rd March Prep. For AP-ACR conference (if successful) Design and Prepare Poster
5 23rd March – 27th April Completely analyse and write up Pilot (Rent) study analyses & findings
3 27th April – 18th May Completely analyse and write up results into thesis for Main (Rent) study
4.5 18th May – 18th June Prepare survey for second study, prepare pilot study
1 Go to HK 18-24 June
19 – 21 June AP-ACR
Poster session
2.5 25th June – 13th July Journal Paper– prepare outline for Rent data (Off-the-plan later in the year)
3 13th July- 3rd August Administer pilot for second survey, analyze and make changes
4 3rd August –31st August Data collection second study (Off-The-Plan). Continue writing Journal paper
8 31st August –26 October Analyse 2nd study
5 26 October –30 Nov Write-up results 2nd study
3 March 2016 Pre-Submission Milestone
June 30 2016 Submit
References
37
COHEN J. (1988). Statistical power analysis for the behavioural sciences (2nd ed.). Hillsdale: L. Erlbaum Associates.
HALL, S. 1997. Representation: Cultural representations and signifying practices, Sage Publications Limited.
IMAN, A. H. M., PIENG, F. Y. & GAN, C. 2012. A Conjoint Analysis of Buyers’ Preferences for Residential Property. International Real Estate
Review, 15, 73-105.
JANSEN, S., BOUMEESTER, H., COOLEN, H., GOETGELUK, R. & MOLIN, E. 2009. The impact of including images in a conjoint
measurement task: evidence from two small-scale studies. Journal of Housing and the Built Environment, 24, 271-297.
JANSEN, S., COOLEN, H. & GOETGELUK, R. E. 2011. The measurement and analysis of housing preference and choice, Netherlands,
Springer Netherlands.
JOHNSON, S. 1998. What's in a representation, why do we care, and what does it mean? Examining evidence from psychology.
Automation in Construction, 8, 15-24.
MAYER, R. E. & MASSA, L. J. 2003. Three Facets of Visual and Verbal Learners: Cognitive Ability, Cognitive Style, and Learning
Preference. Journal of educational psychology, 95, 833.
Oppewal, H. and M. Klabbers (2003). Compromising between information completeness and task simplicity: a comparison of self-
explicated, hierarchical information integration, and full-profile conjoint methods. Advances in Consumer Research 30: 298-304.
ORZECHOWSKI, M., ARENTZE, T., BORGERS, A. & TIMMERMANS, H. 2005. Alternate methods of conjoint analysis for estimating housing
preference functions: Effects of presentation style. Journal of Housing and the Built Environment, 20, 349-362.
ORZECHOWSKI, M., ARENTZE, T., BORGERS, A. & TIMMERMANS, H. 2012. The effects of pre-experimental training on the validity and
reliability of conjoint analysis: the case of housing preference. Journal of Land Use Science 8.2 (2013): 224-233.
ROHRMANN, B. & BISHOP, I. 2002. Subjective Responses to Computer Simulations of Urban Environments. Journal of Environmental
Psychology, 22, 319-331.
SCHLOSSER, A. 2006. Learning through Virtual Product Experience: The Role of Imagery on True versus False Memories. Journal of
consumer research, 33, 377-383.
WALKER, B., MARSH, A., WARDMAN, M. & NINER, P. 2002. Modelling tenants' choices in the public rented sector: a stated preference
approach. Urban Studies, 39, 665-688.
jacqueline.baker@monash.edu
Presentation title 39
Literature: Housing themes
Themes Author(s) Stimulus
1 Tenant
preferences
Walker Marsh, Wardman & Niner, 2002
Oppewal, Poria, Ravenscroft & Speller 2005
Verbal
2 Dwelling design Orzechowski, Arentze, Borgers & Timmermans, 2005
Orzechowski, Arentze, Borgers & Timmermans, 2012
Oppewal & Klabbers, 2003
Visual & verbal
Visual & verbal
Verbal
3 Transport options Borgers, Snellen, Poelman Timmermans, 2008 Katoshevski
& Timmermans, 2001
Verbal
Verbal
4 Type of dwelling Iman Pieng, Gan, 2012
Wang & Li, 2006
Verbal
Verbal
5 Neighbourhood
location
Kim, Pagliara & Preston, 2003 Verbal
6 Intention to move Kim, Pagliara & Preston, 2005
Jansen, Boumeester, Coolen, Goetgeluk & Molin, 2009
Verbal
Visual & verbal
13
Literature: Comparison Stimulus Presentation
41
Author Field Stimulus Result
Louviere, Schroeder, Louviere &
Woodworth, 1987
Park choice Photo versus verbal No substantial
difference
Jaeger, Hedderley & Macfie, 2001 New product
packaging
Photo versus
prototype
No substantial
difference
Vriens, Loosschilder, Rosbergen &
Wattink, 2003
New products Photo versus verbal Difference
Orzechowski, Arentze, Borgers &
Timmermans, 2005
House design VR versus verbal No substantial
difference
Mueller, Lockshin, Louviere &
Hackman, 2007
Choosing wine Photo versus verbal No substantial
difference
Jansen, Boumeester, Coolen,
Goetgeluk & Molin, 2009
Housing choice Photo versus verbal Difference
Orzechowski, Arentze, Borgers &
Timmermans, 2012
House design VR versus verbal No substantial
difference
Literature: Three key papers
Comparison Stimulus Presentation, Housing
Steps
1
Orzechowski, Arentze,
Borgers &
Timmermans, 2005
2
Jansen, Boumeester,
Coolen, Goetgeluk &
Molin, 2009
3
Orzechowski,
Arentze, Borgers &
Timmermans, 2012
1 Model Part-worth model Part-worth model Part-worth model
2 Data collection Computer Computer Computer
3 Stimulus set
construction
96 profiles, 32 sets 24 profiles, 12 sets 48 profiles, 16 sets
4 Stimulus
presentation
One of:
1.verbal experiment
2. VR experiment
All of:
1. verbal + colour photos
2. verbal + b&w photos
1. VR pre + verbal exp
2. VR pre- + VR exp
3. verbal exp + VR post
4. VR exp+ VR post
5 DV measure
scale
Discrete choice (which
one) for set of 3
scale 1-10 + Discrete choice
(yes/no) for 2
Discrete choice (which
one) for set of 3
6 Estimation
method
Multinomial logit model Rating: Ordinary Least
Squares regression
Choice: Binomial Logit
Multinomial logit model
13

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Mid candidature Review Presentation

  • 1. Online Pro perty Ma rketing : The Effect of Presentation Style on Consumer Intention to Inspect Property Options Jacqueline Baker / Mid-Candidature Review Presentation sub heading to be inserted here Presenter’s Name, Department Title – xxth Month 2014 1
  • 2. Presentation Agenda 1. Methodology & Conceptual Model 2. Survey 3. Analysis - Effects 4. Analysis Hypothesis 1 5. Analysis Hypothesis 2 6. Study 2 7. Expected Contributions 8. Timeline 9. References 2 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 3. Methodology & Conceptual Model 3 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 4. Where the study is positioned 4 Topics Domain Papers Representation Marketing, Communication, Education, Architecture / Environmental Design & Planning Lurie, N. & Mason, C. (2007) Orzechowski et al. (2005, 2012) Oppewal, H. and M. Klabbers (2003) Johnson (1998) Online Marketing Marketing, Environmental Psychology, Consumer behaviour Rohrmann, B. & Bishop, I. (2002) Schlosser, A. (2006) Housing choice Housing Research, Real Estate, Property Development Iman et al. (2012). Jansen et al. (2009) Walker, B., et al. 2002 Cognitive style Psychology, Education Childers, Houston & Heckler (1985) Mayer, R. E. & Massa, L. J. (2003) Pacini, R., & Epstein, S. (1999) The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 5. • Stated Preference (SP) methods measure preference or choice for intended behaviour (Louviere, Hensher & Swait, 2000) • Underpinned by Information Integration Theory (Anderson, 1982, 1981,1970) • 4 stages of evaluating and choosing Stated Preference Methods 5 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 6. The research – Two choice and preference studies Two stages of the same conceptual model 6 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 7. Conceptual Model at Confirmation Independent Variables Spatial Layout Price Parking Storey Proximity to services Dependent Variables Rating of property Intention to visit Moderated by Cognitive Style & Experience H3 7 Presentation H1 Training H2 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 8. Conceptual Model with additional experimental variables Apartment Features: Size Orientation Dependent Variables Rating of property Intention to visit Moderated by: Cognitive Style & Experience H3 8 Presentation Style H1 Training Type Before/After training H2 C O N D I T I O N S Needs Type The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 9. Research Hypotheses: (Based on Stated Preference Tasks) 9 HI • visually presented spatial attributes will be more important than verbal H2 • after training, the verbal and the visual versions of spatial attributes will generate greater similarity in utilities H3 • the more experienced individuals are with spatial representations and the more visual an individual is, the more the spatial attribute gains in importance The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 11. The Effect of Presentation Style on Consumer Intention to Inspect Property Options 11 Four collections were carried out in the Behavioural Lab, Building S, Monash University. Collection 1: 19th - 20th September 2013 Collection 2: 31st March - 2nd April 2014 Collection 3: 7th - 9th May 2014 Collection 4: 28th – 29th August 2014 Data collection dates
  • 12. Pilot Study Collection 1 Main Study Collection 2 Main Study Collection 3 Main Study Collection 4 Version 1 70 61 46 79 Version 2 18 71 36 66 Version 3 10 71 42 68 Version 4 27 74 30 63 Number of participants 118 277 154 276 Cases removed 7 7 7 11 Total together 118 270 147 265 % cases removed 5.6% 3.7% Total sample size 800 12 Data collection numbers The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 13. Within subjects variables Level 1 Level 2 Size With dining room No dining room Orientation North-facing South-facing Training Evaluations Before training Evaluations After training Between subjects variables Level 1 Level 2 Presentation Style Visual Verbal Needs Type Plenty of Space Good Orientation Training Type Size training Orientation training
  • 14. 14 Scenario: Rental Property Search Survey Flow Assumed Needs: Apartment needs to be sunny OR needs to be spacious Evaluate again Training: Either training about assessing orientation Or Assessing size Evaluate: Either evaluate visual or verbal apartments Questions: Online search behaviour Cognitive Style testingThe Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 15. Suppose you have graduated. You have decided you want to live alone. You have decided you'll search for a 1 bedroom apartment on-line. You have selected South Yarra in Melbourne, Australia, as your preferred location. You have determined you can afford to pay $350-$450 per week rent. Now imagine that you enter your search criteria on-line using a real estate portal such as realestate.com: Property type: Apartment Number of bedrooms: 1 Location: South Yarra (Melbourne, Australia) Price: $350 - $450 per week 15 We are interested in people's decision-making process when renting apartments. For this study, please imagine the following: Hypothetical Scenario The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 16. 16 1 Four apartment options match your search criteria. The four apartments are presented over the following pages. When considering each apartment option, you decide to check whether they can accommodate your further requirements. Imagine that you specifically want: To dry clothes on a clothes airer Natural warmth in winter A separate foyer A compact laundry 2 Four apartment options match your search criteria. The four apartments are presented over the following pages. When considering each apartment option, you decide to check whether they can accommodate your further requirements. Imagine that you specifically want: To hold dinner parties for 6 people Room for friends to sleepover A separate foyer A compact laundry Assumed spatial needs: The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 17. Apartment Evaluations Respondents were asked to evaluate 4 different apartments Apartments were represented by either floor-plans or content-equivalent text descriptions (not both) Respondents were either asked to evaluate the apartment for either their space related or orientation related needs (not both) Scale 1 (dislike extremely) – 5 (like extremely) 17 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 18. 18 Apartment 1 Given your needs, how much do you like this apartment? The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 19. Apartment 1 19 Apartment 1 • Total floor-space 60m2 • 8.5m x 3.5m open plan living, dining and kitchen • Built-in robe in bedroom • Large windows and all-day direct sun • Dining room seats 6 • Compact laundry in cupboard Given your needs, how much do you like this apartment? The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 20. Apartments – Visual Presentation Style 20 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 21. Apartments: Verbal Presentation Style 21 Apartment 2 •Total floor-space 50m2 •5.9m x 3.5m open plan living and kitchen •Built-in robe in bedroom •Large windows and all-day direct sun •No dining room • Compact laundry in cupboard Apartment 1 •Total floor-space 60m2 •8.5m x 3.5m open plan living, dining and kitchen •Built-in robe in bedroom •Large windows and all-day direct sun •Dining room seats 6 •Compact laundry in cupboard Apartment 3 •Total floor-space 60m2 •8.5m x 3.5m open plan living, dining and kitchen •Built-in robe in bedroom •Large windows but no direct sun •Dining room seats 6 •Compact laundry in cupboard Apartment 4 •Total floor-space 50m2 •5.9m x 3.5m open plan living and kitchen •Built-in robe in bedroom •Large windows but no direct sun •No dining room •Compact laundry in cupboard The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 22. Training sheet: “Understanding Property Descriptions” 22 When assessing the position of property in relation to the sun, check the direction of the North Point adjacent to the floorplan. North indicates roughly the direction of the sun at midday. The sun rises to the east of north and sets to the west of north. Knowing the direction of north can assist in checking whether direct sunlight will penetrate any of the window openings on the outside walls of the apartment. If the windows of the apartment are located to the east or west of north and/or directly north, this tells you that the apartment is well positioned in relation to North. The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 23. Analysis – Effects 23 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 24. Significance Partial Eta Squared 1 Size 0.000 .583 2 Size * Needs Type 0.000 .130 3 Orientation * Presentation Style 0.000 .103 4 Size * Presentation Style 0.000 .086 5 Orientation 0.000 .081 6 Orientation * Needs Type 0.000 .060 7 Orientation * Presentation Style * Needs Type 0.000 .031 8 Orientation * Training Type 0.000 .028 9 Presentation Style 0.000 .023 10 BeforeAfter * Orientation * Training Type 0.000 .020 11 BeforeAfter * Size 0.003 .013 12 BeforeAfter * Orientation 0.004 .012 13 Size * Presentation Style * Needs Type 0.007 .011 14 BeforeAfter * Orientation * Needs Type 0.008 .010 15 BeforeAfter * Orientation * Presentation Style * Needs Type 0.064 .005 16 Size * Needs Type * Training Type 0.072 .005 17 BeforeAfter * Orientation * Presentation Style * Needs Type * Training Type 0.048 .006 Significant Effects 24 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 25. 25 1. Size 2. Size* Needs type 3. Orientation* Presentation Style 4. Size*Presentaion Style 5. Orientation 1. Size 2. Size* Needs type 3. Orientation* Presentation Style 4. Size*Presentaion Style 5. Orientation 6. Orientation* Needs type 7. Orientation* Presentation Style*Needs Type 8. Orientation* Training Type 9. Presentation Style 10. BeforeAfter*Orientation* Training Type 11. BeforeAfter*Size 12. BeforeAfter*Orientation 13. Size*Presentation Style*Needs Type 14. BeforeAfter*Orientation* Needs Type 15. Size*Needs Type*Training Type 16. BeforeAfter*Orientation* Presentation Style * Needs Type Relative Effect sizes The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 26. Analysis – Hypothesis 1 In a SP task, visually presented spatial attributes will be more important than verbal 26
  • 27. • Participants don’t appear to understand the floorplan – or perhaps people from the Northern hemisphere were confused by “North-facing”? 27 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 28. • Verbal version more important, this is the opposite of what was expected 28 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 29. • Orientation related Needs/ orientation attribute = verbal more important and floor- plan not understood in visual condition 29 Space related Needs/ orientation attribute = verbal more important. Haven’t understood floor-plan in visual condition. Once again south-facing scores higher. Floor-plans score highly perhaps because they are pictures? The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 30. Analysis – Hypothesis 2 Visually presented apartments will be more important than verbal, conditional on training 30 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 31. • Orientation a fairly large effect before training • Note there is no significant effect between Presentation Style and before/after training 31 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 32. • After training, those who received “space training” rated north-facing and south-facing much the same but for those who received “orientation training,” there is an increased effect after training. 32 The Effect of Presentation Style on Consumer Intention to Inspect Property Options
  • 34. Study 2 • Consumers looking to buy off-the-plan apartments • Missing from the first study is participants with experience with floor-plans or other visual styles of spatial representations. These consumers are expected to be much more experienced with reading floor-plans (they could be screened) • Recruitment – approach developer & request access to their contact list of buyers in the market to purchase off-the-plan. • Contacts could be sent an email with a link to the survey. • It is proposed that the survey is much simpler and shorter. Some of the conditions developed for study 1 won’t be necessary, such as “Needs Type, “Training”, “Training Type” however of particular interest will be “presentation style” as we would like to test the original hypotheses and compare results with the rental study. • It is expected that participants will have experience with floor-plans and so we will not be measuring evaluations before and after training. • It is proposed that the study may use stated preference methods such as conjoint/ choice/ best worst scaling 34
  • 35. Research contributions 35 • New visualization tool (focusing on spatial needs) for products difficult to explain • Insight into whether training is helpful for this tool • Insights into inconsistencies in past studies • Insights into the effect of Cognitive Style preference on SP experiments • Insights into the effect of experience on SP spatial studies Theory • Insight on whether inclusion of floor plans will increase likelihood of visits to property • Understanding how expert visual tools can be modified for lay- people • Insights for marketing communication design Industry
  • 36. Timeline 36 Weeks Start date Task 4 2nd January –2nd March Perform key (only) analysis on Main Data Prepare for Mid-Candidature Review 3 2nd March – 23rd March Prep. For AP-ACR conference (if successful) Design and Prepare Poster 5 23rd March – 27th April Completely analyse and write up Pilot (Rent) study analyses & findings 3 27th April – 18th May Completely analyse and write up results into thesis for Main (Rent) study 4.5 18th May – 18th June Prepare survey for second study, prepare pilot study 1 Go to HK 18-24 June 19 – 21 June AP-ACR Poster session 2.5 25th June – 13th July Journal Paper– prepare outline for Rent data (Off-the-plan later in the year) 3 13th July- 3rd August Administer pilot for second survey, analyze and make changes 4 3rd August –31st August Data collection second study (Off-The-Plan). Continue writing Journal paper 8 31st August –26 October Analyse 2nd study 5 26 October –30 Nov Write-up results 2nd study 3 March 2016 Pre-Submission Milestone June 30 2016 Submit
  • 37. References 37 COHEN J. (1988). Statistical power analysis for the behavioural sciences (2nd ed.). Hillsdale: L. Erlbaum Associates. HALL, S. 1997. Representation: Cultural representations and signifying practices, Sage Publications Limited. IMAN, A. H. M., PIENG, F. Y. & GAN, C. 2012. A Conjoint Analysis of Buyers’ Preferences for Residential Property. International Real Estate Review, 15, 73-105. JANSEN, S., BOUMEESTER, H., COOLEN, H., GOETGELUK, R. & MOLIN, E. 2009. The impact of including images in a conjoint measurement task: evidence from two small-scale studies. Journal of Housing and the Built Environment, 24, 271-297. JANSEN, S., COOLEN, H. & GOETGELUK, R. E. 2011. The measurement and analysis of housing preference and choice, Netherlands, Springer Netherlands. JOHNSON, S. 1998. What's in a representation, why do we care, and what does it mean? Examining evidence from psychology. Automation in Construction, 8, 15-24. MAYER, R. E. & MASSA, L. J. 2003. Three Facets of Visual and Verbal Learners: Cognitive Ability, Cognitive Style, and Learning Preference. Journal of educational psychology, 95, 833. Oppewal, H. and M. Klabbers (2003). Compromising between information completeness and task simplicity: a comparison of self- explicated, hierarchical information integration, and full-profile conjoint methods. Advances in Consumer Research 30: 298-304. ORZECHOWSKI, M., ARENTZE, T., BORGERS, A. & TIMMERMANS, H. 2005. Alternate methods of conjoint analysis for estimating housing preference functions: Effects of presentation style. Journal of Housing and the Built Environment, 20, 349-362. ORZECHOWSKI, M., ARENTZE, T., BORGERS, A. & TIMMERMANS, H. 2012. The effects of pre-experimental training on the validity and reliability of conjoint analysis: the case of housing preference. Journal of Land Use Science 8.2 (2013): 224-233. ROHRMANN, B. & BISHOP, I. 2002. Subjective Responses to Computer Simulations of Urban Environments. Journal of Environmental Psychology, 22, 319-331. SCHLOSSER, A. 2006. Learning through Virtual Product Experience: The Role of Imagery on True versus False Memories. Journal of consumer research, 33, 377-383. WALKER, B., MARSH, A., WARDMAN, M. & NINER, P. 2002. Modelling tenants' choices in the public rented sector: a stated preference approach. Urban Studies, 39, 665-688.
  • 40. Literature: Housing themes Themes Author(s) Stimulus 1 Tenant preferences Walker Marsh, Wardman & Niner, 2002 Oppewal, Poria, Ravenscroft & Speller 2005 Verbal 2 Dwelling design Orzechowski, Arentze, Borgers & Timmermans, 2005 Orzechowski, Arentze, Borgers & Timmermans, 2012 Oppewal & Klabbers, 2003 Visual & verbal Visual & verbal Verbal 3 Transport options Borgers, Snellen, Poelman Timmermans, 2008 Katoshevski & Timmermans, 2001 Verbal Verbal 4 Type of dwelling Iman Pieng, Gan, 2012 Wang & Li, 2006 Verbal Verbal 5 Neighbourhood location Kim, Pagliara & Preston, 2003 Verbal 6 Intention to move Kim, Pagliara & Preston, 2005 Jansen, Boumeester, Coolen, Goetgeluk & Molin, 2009 Verbal Visual & verbal 13
  • 41. Literature: Comparison Stimulus Presentation 41 Author Field Stimulus Result Louviere, Schroeder, Louviere & Woodworth, 1987 Park choice Photo versus verbal No substantial difference Jaeger, Hedderley & Macfie, 2001 New product packaging Photo versus prototype No substantial difference Vriens, Loosschilder, Rosbergen & Wattink, 2003 New products Photo versus verbal Difference Orzechowski, Arentze, Borgers & Timmermans, 2005 House design VR versus verbal No substantial difference Mueller, Lockshin, Louviere & Hackman, 2007 Choosing wine Photo versus verbal No substantial difference Jansen, Boumeester, Coolen, Goetgeluk & Molin, 2009 Housing choice Photo versus verbal Difference Orzechowski, Arentze, Borgers & Timmermans, 2012 House design VR versus verbal No substantial difference
  • 42. Literature: Three key papers Comparison Stimulus Presentation, Housing Steps 1 Orzechowski, Arentze, Borgers & Timmermans, 2005 2 Jansen, Boumeester, Coolen, Goetgeluk & Molin, 2009 3 Orzechowski, Arentze, Borgers & Timmermans, 2012 1 Model Part-worth model Part-worth model Part-worth model 2 Data collection Computer Computer Computer 3 Stimulus set construction 96 profiles, 32 sets 24 profiles, 12 sets 48 profiles, 16 sets 4 Stimulus presentation One of: 1.verbal experiment 2. VR experiment All of: 1. verbal + colour photos 2. verbal + b&w photos 1. VR pre + verbal exp 2. VR pre- + VR exp 3. verbal exp + VR post 4. VR exp+ VR post 5 DV measure scale Discrete choice (which one) for set of 3 scale 1-10 + Discrete choice (yes/no) for 2 Discrete choice (which one) for set of 3 6 Estimation method Multinomial logit model Rating: Ordinary Least Squares regression Choice: Binomial Logit Multinomial logit model 13

Editor's Notes

  1. Theory on information processing in judgement and decision-making Consumers commence with the acquisition of information; researching the available alternatives, then bundling a set of characteristics important to them to use to compare and evaluate product alternatives within the limits of their search such as price range and suburb. Figure demonstrates symbolically how individuals integrate attributes to evaluate and choose , progressing through four stages: 1) Psychophysical Judgements, 2) Attribute evaluations, 3) Overall evaluations and 4) Choice or purchase decision.
  2. Two main differences: Marketing rentals: representation is done is mostly done by text and pictures (floorplans and walk-through video if building is new). Consumers are not necessarily experienced with floorplans Marketing off-the-plan: representation by nature always provide floor plan. Could provide verbals but the main tool is the plan. Sampling = high and low levels of experience This will add to current housing preference and choice literature about comparing representations styles (Jansen et al. 2009, Orzechowski et al., 2005). It will also reinforce the need for learning and considering spatial attributes by utilising visual representation and will provide insights into the translation of expert-developed tools such as floor plans for lay people.
  3. H1a) visually presented attributes will be more important in a conjoint experimental task than their verbal counterparts. H1b) the discrete choice outcome for the two styles of representation will be different, with the visually presented attributes gaining more importance than they do in the verbally presented scenarios. H2) after training, the verbal and the visual versions of the spatial attribute will generate greater similarity in utilities in the conjoint task and in choices in the choice task. H3) cognitive style and prior experience moderate the utility estimates of apartment evaluations such that a) the more experienced individuals are with spatial representations, the more the spatial attribute gains in importance. b) the more visual an individual is, the greater the importance of the spatial attribute.
  4. H1a) visually presented attributes will be more important in a conjoint experimental task than their verbal counterparts. H1b) the discrete choice outcome for the two styles of representation will be different, with the visually presented attributes gaining more importance than they do in the verbally presented scenarios. H2) after training, the verbal and the visual versions of the spatial attribute will generate greater similarity in utilities in the conjoint task and in choices in the choice task. H3) cognitive style and prior experience moderate the utility estimates of apartment evaluations such that a) the more experienced individuals are with spatial representations, the more the spatial attribute gains in importance. b) the more visual an individual is, the greater the importance of the spatial attribute.
  5. H1a) visually presented attributes will be more important in a conjoint experimental task than their verbal counterparts. H1b) the discrete choice outcome for the two styles of representation will be different, with the visually presented attributes gaining more importance than they do in the verbally presented scenarios. H2) after training, the verbal and the visual versions of the spatial attribute will generate greater similarity in utilities in the conjoint task and in choices in the choice task. H3) cognitive style and prior experience moderate the utility estimates of apartment evaluations such that a) the more experienced individuals are with spatial representations, the more the spatial attribute gains in importance. b) the more visual an individual is, the greater the importance of the spatial attribute.
  6. Participants from the first, second and fourth data collection were from the undergraduate students of MKF1120 - 'Marketing Theory and Practice'. Participants from the third data collection were from the undergraduate students of MKF2121 - 'Marketing Research Methods' - this was a course option, where students could either attend my survey or do a written assignment.
  7. First explain what we are looking for to confirm H1 Explain that it seems clear participants did not understand this attribute in the floor-plans. South-facing scores higher than north-facing. However the floor-plans score highly perhaps because they are pictures
  8. Although participants understand the size attribute better on the floor-plan versions, the slopes of the lines should be going the other way to confirm the hypothesis
  9. Vriens, Loosschilder, Rosbergen & Wattink, 2003 These results suggest that the pictorial representations improved the respondents’ understanding of the design attributes, while the verbal representations seem to facilitate judgment. Verbal better predictor
  10. Problem Questioning whether SP tasks represent real choice options Question whether verbal descriptions understood Results of 1 T1:Preference estimates Result: Verbal version was slightly better goodness of fit but according to modified Chow test, not significant T2: how do the internal and external validity compare for the two styles? Result: differences not statistically significant T3:How do the presentation styles predict choice of the holdout housing profiles? Result :No different Results of 2 T1: Part-worths & importance Result: visual attributes more important. Choice: part-worth more similar (than rating data) for the 3 versions Rating: path worths differ between vis/verbal & more important when presented in visual Results of 3 T1:Goodness of fit? Result: Equal T2: Training improve internal validity? Result: training first = error variance decreases improving model performance T3: External validity Result : pre-experimental training improves the external validity of choice models T4: Predictive validity Result: Models with pre-training were better able to predict revealed choices