2023 Turbo Choice Modeling

Imposing sign and ordering constraints on HBMNL part-worths estimated with HMC: a comparison of approaches

About this presentation

We investigate various approaches for imposing ordering constraints on part worths, both in terms of fit on hold-out tasks and run-time for estimating the model. The methods compared are:

• the simultaneous tying method used in Sawtooth CBC/HB, and

• a variant of thermometer coding with one of several transformations to enforce positivity of the deltas.

The transformations investigated include:

• the exponential function;

• the hinge function f(x) = x + |x|, which has a discontinuous derivative at x=0; and

• continuous-derivative approximations to the hinge function.

Kevin Ven Horn, Bayesium Analytics