Discrete Choice Modeling
Overview
The field models choices among options in settings such as travel, retail, healthcare, and online rankings, to explain preferences and predict decisions. Core approaches include random-utility models such as multinomial logit and probit, Plackett–Luce ranking models, mixtures, and panel models; these also support tasks like assortment design and choice-based experimentation. Neural networks, graph models, and foundation models are increasingly used to capture complex interactions and individual differences, sometimes alongside reinforcement learning for model selection or sequential decisions. A key tension is improving prediction with flexible methods while preserving interpretable preferences, economic constraints, reliable uncertainty estimates, and robustness to changing choice sets or environments.
Latest papers
44 papers10 papers in the last four weeks, against 2 the four weeks before. 0.1% of all new papers.