Choice modelling

Timothy Devinney, Nidthida Lin

Research output: Chapter in Book/Report/Conference proceedingEntry for encyclopedia/dictionary/reference book

Abstract

Choice modelling represents the structured examination of individual decision-making among designed alternatives. Although most commonly used to examine individual choices – for example, among product alternatives where the features of the products vary – choice models can be utilized to examine any set of alternatives that can be decomposed into distinct parts, such as investments or market-entry alternatives. The most methodologically valid approach to choice modelling is discrete choice modelling, which has its basis in random utility theory (RUT) and relies on a number of simplifying assumptions to link its conceptual formulation to a specific empirical model.
Original languageEnglish
Title of host publicationThe Palgrave encyclopedia of strategic management
EditorsMie Augier, David J. Teece
Place of PublicationLondon
PublisherPalgrave Macmillan
ISBN (Electronic)9781349948482
DOIs
Publication statusPublished - 2014
Externally publishedYes

Keywords

  • Choice Behaviour
  • Conjoint Analysis
  • Choice Alternative
  • Discrete Choice Experiment
  • Discrete Choice Modelling

Fingerprint Dive into the research topics of 'Choice modelling'. Together they form a unique fingerprint.

Cite this