Discrete choice models require more information to estimate and more computational time.

Responses are collected and used to create a choice model.

This article goes beyond simply defining discrete choice models.

Discrete choice models can serve to predict customer behavior in order to target them with the right products for the right price.

Discrete choice models are also used to examine choices by organizations, such as firms or government agencies.

For a discrete choice model, the choice set must meet three requirements:

Such considerations are taken into account in the formulation of discrete choice models.

Discrete choice models can be derived from utility theory.

Discrete choice models can first be classified according to the number of available alternatives.

Niskanen's work was an early text in rational choice models of bureaucracy.