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Discrete choice

In economics, discrete choice models, or qualitative choice models, describe, explain, and predict choices between two or more discrete alternatives, such as entering or not entering the labor market, or choosing between modes of transport. Such choices contrast with standard consumption models in which the quantity of each good consumed is assumed to be…

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Applications

Common features of discrete choice models

Prominent types of discrete choice models

Ordered models

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Discrete choice

Nodes57
Edges56
Triples79
Avg. degree1.96
Density0.035088
Components1

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Discrete choice

Top relations

related to Further reading · 39
Discrete choice → Anderson, Application, Applied Choice Analysis, Ben-Akiva, Cambridge University Press, Chapter, Daniel, Discrete Choice Analysis, Discrete Choice Methods, Discrete Choice Theory, Econometric, Econometric Analysis, Econometrics, Elsevier Science Publishers BV, Greene, Handbook, Hensher, ISBN, Lerman, Limited-dependent
related to Common features of discrete choice models · 11
Discrete choice → All, Binary Logit, Binary Probit, Conditional Logit, Discrete, Exploded Logit, Generalized Extreme Value Models, Mixed Logit, Multinomial Logit, Multinomial Probit, Nested Logit
has application · 10
Discrete choice → Disaster, Ecological, Energy, Environmental, In, Labor, Marketing, The, These, Transportation
related to Estimation from choices · 5
Discrete choice → Discrete, Estimation, Logit, Nonparametric, Partial
related to Consumer utility · 4
Discrete choice → Discrete, It, PniIt, This
related to Choice set · 3
Discrete choice → For, The, This
related to Prominent types of discrete choice models · 2
Discrete choice → Discrete, Multinomial
see also · 2
Discrete choice → Binary, Statistical
related to Defining choice probabilities · 1
Discrete choice → In

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Important terminology

choice models alternatives discrete model logit person alternative set probability utility variables attributes displaystyle analysis probit standard used among correlation

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
logistic regressioninstance ofTechniques0.80text
probit regression can be used for empirical analysis of discrete choice.Discrete choice models theoretically or empirically model choices made by people among a finite set of alternativesinstance ofTechniques0.80text
Discrete choicehas applicationMarketing0.60section
Discrete choicehas applicationIn0.60section
Discrete choicehas applicationTransportation0.60section
Discrete choicehas applicationThe0.60section
Discrete choicehas applicationDisaster0.60section
Discrete choicehas applicationThese0.60section
Discrete choicehas applicationEnergy0.60section
Discrete choicehas applicationEnvironmental0.60section
Discrete choicehas applicationLabor0.60section
Discrete choicehas applicationEcological0.60section

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