I've saw the following definition of hinge loss, in the case of multiclass classification, using a delta term.
$$ L({W}) = \frac{1}{N} \sum_{i=1}^{N} L_{i}({W}) + \frac{\lambda}{2} ||{{W}}||^2 $$ $$ L_{i}({W}) = \sum_{j \neq y_i} \max\left(0, \Delta+ {w_j} \vec{x_i} - {w_{y_i}} \vec{x_i}\right), $$
As I see, this can be understood as attempting to make sure that the score for the correct class is higher than the other classes by at least some margin $\Delta > 0$.
My question is does delta matter?
I mean, I think that the bigger the delta, the more difficult it will be for the classifier to find a good separation of the space, the bigger the loss will be from observations otherwise already ignored, and the longer the training. I ran some training on the MNIST data using an SVM a few times with larger and larger deltas, and the (test) accuracy kept going down as the loss went up.
Yet I usually see that delta is being set to 1, and no one actually runs a hyperparameter search for it. I wonder if it's because it's some how related to the regularization constant lambda. And if so, can someone explain the connection?