In this panel discussion, we discuss IRT (Item Response Theory), GRM (Graded Response Model) and the advantages to using the Bayesian approach at Alva Labs.
Item response theory, also known as the latent response theory, refers to a family of mathematical models that attempt to explain the relationship between latent traits (unobservable characteristic or attribute) and their manifestations (i.e. observed outcomes, responses or performance). Graded response model (or Ordered Categorical Responses Model) is a family of mathematical models for grading responses.
00:00 Introduction to PyMC Labs
02:48 Panelists introduction
06:05 Outline of the talk by Morgan
06:51 Alva Labs
08:33 Alva Labs personality test
12:14 Item Response Theory and its advantages
16:12 Question: Won't people fake answers to the personality questionnaire if they know what the company is looking for?
18:09 Question: What algorithm is used for combining data points?
19:36 Graded Response Model
20:50 Bayesian Inference
23:19 ALva Labs workflow
25:08 Is the person trait supposed to be a measure of performance and how is it quantified for training?On which data is the model trained?
27:37 Emerging challenges over the years
30:45 How PyMC helped Alva Labs improve their personality model
32:33 Understanding the problem at Alva Labs
34:34 Bayesian workflow
35:32 Simulate the data generating process
38:12 Develop the model
40:25 Evaluate alternative parameterizations
43:40 Test different inference engines
46:05 Use the mode4 with real data
47:52 The final deliverable
49:48 Results of the new model compared to the original Alva Labs model
51:12 Question: Could you comment on how much faster the sampler becomes and why do you care about memory?
53:40 Question: How is the trained model validated and how do you know the person trait is useful and how is the usefulness measured?
55:02 How do you often rerun the model to update the parameters
56:02 Thank you!
If you are interested in seeing what we at PyMC Labs can do for you, then please email firstname.lastname@example.org. We work with companies at a variety of scales and with varying levels of existing modeling capacity. We also run corporate workshop training events and can provide sessions ranging from introduction to Bayes to more advanced topics.