Have an idea?

Visit Sawtooth Software Feedback to share your ideas on how we can improve our products.

What is "borrowing" in MaxDiff ?

Is that a form of imputation where a missing value is replaced by some other respondent’s values? In that case, does it mean a respondent’s answer to an unasked question will be filled by some other respondents’ values? And if so, how do we know it’s correct?
asked Feb 5, 2021 by Kedar

1 Answer

0 votes
Kedar,

Perhaps you're asking about "borrowing" in hierarchical Bayesian MNL models (which we often use to analyze MaxDiff and CBC data)?  If so, "borrowing" is how folks sometimes explain what goes on in HB, but it is an  inaccurate simplification of what goes on - this is unfortunate because "borrowing" makes you think there's some imputation going on, like a "hot deck" correction for missing data, say.  

What we really mean is that the dat for the population give us information about the covariance matrix (how the utilities are correlated with one another in the population).  HB then blends information about the population's preferences/utilities (inferred from the covariance matrix) and information about an individual respondent's preferences/utilities (from her observed choices).  

When we have a lot of information from the respondent then we use very little of the information from the population to temper that respondent's utilities, but when information at the respondent level is sparse, we rely a bit more on the population information (which we're borrowing in this specific sense only).
answered Feb 5, 2021 by Keith Chrzan Platinum Sawtooth Software, Inc. (111,275 points)
Thanks Keith ! This works !
...