No. 170: Invitation Messages for Business Surveys: A Multi-Armed Bandit Experiment

Year: 2024
Type: Working Paper

Abstract

This study investigates how elements of a survey invitation message targeted to businesses influence their participation in a self-administered web survey. We implement a full factorial experiment varying five key components of the email invitation. Unlike traditional experimental setups with static group composition, however, we employ adaptive randomization in our sequential research design. Specifically, as the experiment progresses, a Bayesian learning algorithm assigns more observations to invitation messages with higher starting rates. Our results indicate that personalizing the message, emphasizing the authority of the sender, and pleading for help increase survey starting rates, while stressing strict privacy policies and changing the location of the survey URL have no response-enhancing effect. The implementation of adaptive randomization is useful for other applications of survey design and methodology.

Participating Institutions

TRR 266‘s main locations are Paderborn University (Coordinating University), HU Berlin, and University of Mannheim. All three locations have been centers for accounting and tax research for many years. They are joined by researchers from LMU Munich, Frankfurt School of Finance and Management, Goethe University Frankfurt, University of Cologne and Leibniz University Hannover who share the same research agenda.

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