preference elicitation [conjoint analysis]

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Preference Elicitation [Conjoint Analysis]

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Preference Elicitation [Conjoint Analysis]. Conjoint Analysis. Market research: assess consumer’s preferences on homogenous class of products. Approach: describe products in terms of attributes and levels [conjoint structure]. Example: Cars = (Max.Speed) x (Gas Mileage) - PowerPoint PPT Presentation

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Page 1: Preference Elicitation [Conjoint Analysis]

Preference Elicitation [Conjoint Analysis]

Page 2: Preference Elicitation [Conjoint Analysis]

Conjoint Analysis

Market research: assess consumer’s preferences

on homogenous class of products

Approach: describe products in terms of attributes and levels [conjoint structure].

Example: Cars = (Max.Speed) x (Gas Mileage)

Max. Speed = { 100 mph, 120 mph, 150 mph}

Gas Mileage = { 20 mpg, 17 mpg, 13 mpg, 10 mpg}

Page 3: Preference Elicitation [Conjoint Analysis]

Pairwise Comparsions

150 mph 10 mpg

100 mph 20 mpg

Which car are you more likely to buy?

100 mph 13 mpg

120 mph 17 mpg

Tradeoff!

Page 4: Preference Elicitation [Conjoint Analysis]

Marketing Approach

Given a set of products X Elicit consumer’s preferences from pairwise

comparisons [simulates real choice tasks] Only small [constant] number of questions per

respondent For each respondent value function

v: X →[0,1]

Page 5: Preference Elicitation [Conjoint Analysis]

Optimizing Visualization Systems

Which (volume) rendering shows more detail?

Page 6: Preference Elicitation [Conjoint Analysis]

Optimizing Visualization Systems

Which (volume) rendering do you like better?

Page 7: Preference Elicitation [Conjoint Analysis]

Optimizing Visualization Systems

Which (volume) rendering shows more detail?

Page 8: Preference Elicitation [Conjoint Analysis]

Optimizing Visualization Systems

Which (volume) rendering shows more detail?

Page 9: Preference Elicitation [Conjoint Analysis]

Netflix Challenge

Page 10: Preference Elicitation [Conjoint Analysis]

Netflix Challenge

http://www.netflixprize.com/index

Page 11: Preference Elicitation [Conjoint Analysis]

Netflix Challenge

Page 12: Preference Elicitation [Conjoint Analysis]

Netflix Challenge

Challenge: From given ratings predict rating of unrated movies.

Training data set: >100 million ratings from >480 thousand customers on ~18 thousand movies.

Test data: 2.8 million customer/movie pairs with the ratings withheld.

Compare to Netflix’ predictor ‘Cinematch’ Quality measure: root mean square error

Page 13: Preference Elicitation [Conjoint Analysis]

Surface Reconstruction

Page 14: Preference Elicitation [Conjoint Analysis]

Surface reconstruction

Page 15: Preference Elicitation [Conjoint Analysis]

Surface Reconstruction