TY - JOUR
T1 - Tracking the impact of media on voter choice in real time
T2 - a Bayesian dynamic joint model
AU - Pareek, Bhuvanesh
AU - Ghosh, Pulak
AU - Wilson, Hugh N.
AU - Macdonald, Emma K.
AU - Baines, Paul
N1 - Publisher Copyright: © 2018, © 2018 American Statistical Association.
Bhuvanesh Pareek, Pulak Ghosh, Hugh N. Wilson, Emma K. Macdonald & Paul Baines (2018) Tracking the Impact of Media on Voter Choice in Real Time: A Bayesian Dynamic Joint Model, Journal of the American Statistical Association, 113:524, 1457-1475, DOI: 10.1080/01621459.2017.1419134
PY - 2018/10/2
Y1 - 2018/10/2
N2 - Commonly used methods of evaluating the impact of marketing communications during political elections struggle to account for respondents’ exposures to these communications due to the problems associated with recall bias. In addition, they completely fail to account for the impact of mediated or earned communications, such as newspaper articles or television news, that are typically not within the control of the advertising party, nor are they effectively able to monitor consumers’ perceptual responses over time. This study based on a new data collection technique using cell-phone text messaging (called real-time experience tracking or RET) offers the potential to address these weaknesses. We propose an RET-based model of the impact of communications and apply it to a unique choice situation: voting behavior during the 2010 UK general election, which was dominated by three political parties. We develop a Bayesian zero-inflated dynamic multinomial choice model that enables the joint modeling of: the interplay and dynamics associated with the individual voter's choice intentions over time, actual vote, and the heterogeneity in the exposure to marketing communications over time. Results reveal the differential impact over time of paid and earned media, demonstrate a synergy between the two, and show the particular importance of exposure valence and not just frequency, contrary to the predominant practitioner emphasis on share-of-voice metrics. Results also suggest that while earned media have a reducing impact on voting intentions as the final choice approaches, their valence continues to influence the final vote: a difference between drivers of intentions and behavior that implies that exposure valence remains critically important close to the final brand choice. Supplementary materials for this article are available online.
AB - Commonly used methods of evaluating the impact of marketing communications during political elections struggle to account for respondents’ exposures to these communications due to the problems associated with recall bias. In addition, they completely fail to account for the impact of mediated or earned communications, such as newspaper articles or television news, that are typically not within the control of the advertising party, nor are they effectively able to monitor consumers’ perceptual responses over time. This study based on a new data collection technique using cell-phone text messaging (called real-time experience tracking or RET) offers the potential to address these weaknesses. We propose an RET-based model of the impact of communications and apply it to a unique choice situation: voting behavior during the 2010 UK general election, which was dominated by three political parties. We develop a Bayesian zero-inflated dynamic multinomial choice model that enables the joint modeling of: the interplay and dynamics associated with the individual voter's choice intentions over time, actual vote, and the heterogeneity in the exposure to marketing communications over time. Results reveal the differential impact over time of paid and earned media, demonstrate a synergy between the two, and show the particular importance of exposure valence and not just frequency, contrary to the predominant practitioner emphasis on share-of-voice metrics. Results also suggest that while earned media have a reducing impact on voting intentions as the final choice approaches, their valence continues to influence the final vote: a difference between drivers of intentions and behavior that implies that exposure valence remains critically important close to the final brand choice. Supplementary materials for this article are available online.
KW - advertising
KW - multinomial logit model
KW - paid and earned media
KW - real-time experience tracking
KW - zero-inflation
KW - Bayesian methods
UR - http://www.scopus.com/inward/record.url?scp=85049613449&partnerID=8YFLogxK
U2 - 10.1080/01621459.2017.1419134
DO - 10.1080/01621459.2017.1419134
M3 - Article
AN - SCOPUS:85049613449
SN - 0162-1459
VL - 113
SP - 1457
EP - 1475
JO - Journal of the American Statistical Association
JF - Journal of the American Statistical Association
IS - 524
ER -