Estimating Customer Choices – Best-Worst Scaling Vs Discrete Choice Model
AI and Intelligent Systems in Practice: 45ISM 2025
The theory of economy allows us to distinguish revealed preferences (real market choices) and stated preferences. In general, we can distinguish compositional, decompositional approaches, and non-classical methods. When dealing with decompositional approaches the discrete choice method is the well-known approach in preference modeling. It allows…