{"paper":{"title":"Get me out of this hole: a profile likelihood approach to identifying and avoiding inferior local optima in choice models","license":"http://creativecommons.org/licenses/by-nc-sa/4.0/","headline":"","cross_cats":[],"primary_cat":"econ.EM","authors_text":"Andrew Daly, David Bunch, Stephane Hess","submitted_at":"2025-06-03T10:25:59Z","abstract_excerpt":"Choice modellers routinely acknowledge the risk of convergence to inferior local optima when using structures other than a simple linear-in-parameters logit model. At the same time, there is no consensus on appropriate mechanisms for addressing this issue. Most analysts seem to ignore the problem, while others try a set of different starting values, or put their faith in what they believe to be more robust estimation approaches. This paper puts forward the use of a profile likelihood approach that systematically analyses the parameter space around an initial maximum likelihood estimate and tes"},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"2506.02722","kind":"arxiv","version":1},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"integrity":{"clean":true,"summary":{"advisory":0,"critical":0,"by_detector":{},"informational":0},"endpoint":"/pith/2506.02722/integrity.json","findings":[],"available":true,"detectors_run":[],"snapshot_sha256":"c28c3603d3b5d939e8dc4c7e95fa8dfce3d595e45f758748cecf8e644a296938"},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"}