Have an idea?

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

How to implement regret minimization model?

Hello! I’m working on a conjoint experiment (CBC) and would like to try a simulation using the Random Regret Minimization (RRM) model. I’ve read several papers on the model and understand how it works in theory, but I’m struggling to implement it in the software.

My understanding is that there is a design matrix that needs to be recoded before the HB (Analysis) step is performed? I think I understand how to do the recoding (the Sawtooth paper explained this pretty well), but I’m not clear on where/how this is input into the software.

Would anyone who has implemented this model be willing to provide some practical advice, or has anyone come across something more like a practical tutorial rather than an academic paper? Thanks so much!

~Tracey D-M
asked Mar 7 by TraceyDM (120 points)

Your solution to the original question

Please only use this to answer the original question. Otherwise please use comments.
Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:

To avoid this verification in future, please log in or register.
...