Brand MAX([CR],MAX([Apple],MAX([Samsung],[FitBit]))) - MIN([CR],MIN([Apple],MIN([Samsung],[FitBit]))) Shipping MAX([$0],MAX([$10],[$20])) - MIN([$0],MIN([$10],[$20])) Restock MAX([0%],MAX([10%],[15%]))-MIN([0%],MIN([10%],[15%])) Return Days MAX([7 Days],MAX([14 Days],[21 Days])) - MIN([7 Days],MIN([14 Days],[21 Days])) Price MAX([$150],MAX([$200],MAX([$250],[$300])))-MIN([$150],MIN([$200],MIN([$250],[$300]))) Brand % AVG([Brand])/(AVG([Brand]) + AVG([Shipping]) + AVG([Restock]) + AVG([Return Days]) + AVG([Price])) Shipping % AVG([Shipping])/(AVG([Brand]) + AVG([Shipping]) + AVG([Restock]) + AVG([Return Days]) + AVG([Price])) Restock % AVG([Restock])/(AVG([Brand]) + AVG([Shipping]) + AVG([Restock]) + AVG([Return Days]) + AVG([Price])) Return Days % AVG([Return Days])/(AVG([Brand]) + AVG([Shipping]) + AVG([Restock]) + AVG([Return Days]) + AVG([Price])) Price % AVG([Price])/(AVG([Brand]) + AVG([Shipping]) + AVG([Restock]) + AVG([Return Days]) + AVG([Price])) WTP – Brand Apple AVG([Apple])*(150/(AVG([$150])-AVG([$300]))) WTP – Brand Samsung AVG([Samsung])*(150/(AVG([$150])-AVG([$300]))) WTP – Brand FitBit AVG([FitBit])*(150/(AVG([$150])-AVG([$300]))) WTP – Shipping $10 AVG([$10])*(150/(AVG([$150])-AVG([$300]))) WTP – Shipping $20 AVG([$20])*(150/(AVG([$150])-AVG([$300]))) WTP – Restock 5% AVG([5%])*(150/(AVG([$150])-AVG([$300]))) WTP – Restock 10% AVG([10%])*(150/(AVG([$150])-AVG([$300]))) WTP – Restock 15% AVG([15%])*(150/(AVG([$150])-AVG([$300]))) WTP – Return Days 14 AVG([14 days])*(150/(AVG([$150])-AVG([$300]))) WTP – Return Days 21 AVG([21 days])*(150/(AVG([$150])-AVG([$300]))) Util – Apple [Intercept]+[Apple]+[$0]+[15%]+[7 Days]+[$200] Util – Samsung [Intercept]+[Samsung]+[$20]+[0%]+[14 Days]+[$300] Util – FitBit [Intercept]+[FitBit]+[$10]+[10%]+[14 Days]+[$250] First Choice – Apple IF MAX([Util – Apple],MAX([Util – Samsung],[Util – FitBit])) = [Util – Apple] THEN 1 ELSE 0 END First Choice – Samsung IF MAX([Util – Apple],MAX([Util – Samsung],[Util – FitBit])) = [Util – Samsung] THEN 1 ELSE 0 END First Choice - FitBit IF MAX([Util – Apple],MAX([Util – Samsung],[Util – FitBit])) = [Util – FitBit] THEN 1 ELSE 0 END Logit Share – Apple EXP([Util – Apple])/(EXP([Util – Apple])+EXP([Util – Samsung])+EXP([Util – FitBit])) Logit Share – Samsung EXP([Util – Samsung])/(EXP([Util – Apple])+EXP([Util – Samsung])+EXP([Util – FitBit])) Logit Share – FitBit EXP([Util – FitBit])/(EXP([Util – Apple])+EXP([Util – Samsung])+EXP([Util – FitBit])) Util – CR [Intercept]+[CR]+[$10]+[10%]+[14 Days]+[$250] First Choice – CR Proposed IF MAX([Util – Apple],MAX([Util – Samsung],MAX([Util – FitBit],[Util – CR]))) = [Util – CR] THEN 1 ELSE 0 END First Choice – Apple Proposed IF MAX([Util – Apple],MAX([Util – Samsung],MAX([Util – FitBit],[Util – CR]))) = [Util – Apple] THEN 1 ELSE 0 END First Choice – Samsung Proposed IF MAX([Util – Apple],MAX([Util – Samsung],MAX([Util – FitBit],[Util – CR]))) = [Util – Samsung] THEN 1 ELSE 0 END First Choice – FitBit Proposed IF MAX([Util – Apple],MAX([Util – Samsung],MAX([Util – FitBit],[Util – CR]))) = [Util – FitBit] THEN 1 ELSE 0 END Logit Share – CR Proposed EXP([Util – CR])/(EXP([Util – Apple])+EXP([Util – Samsung])+EXP([Util – FitBit])+EXP([Util – CR])) Logit Share – Apple Proposed EXP([Util – Apple])/(EXP([Util – Apple])+EXP([Util – Samsung])+EXP([Util – FitBit])+EXP([Util – CR])) Logit Share – Samsung Proposed EXP([Util – Samsung])/(EXP([Util – Apple])+EXP([Util – Samsung])+EXP([Util – FitBit])+EXP([Util – CR])) Logit Share – FitBit Proposed EXP([Util – FitBit])/(EXP([Util – Apple])+EXP([Util – Samsung])+EXP([Util – FitBit])+EXP([Util – CR]))