This image is meant to depict
the concept that consumers make a discrete choice among a set of different
alternatives called nest and then choose a book in the concerned nest.
The image consists of a three groups of arrows.
The first group consist
of five arrows originating from the same point.
The first arrow points
down and to the far left and is labeled "Novel".
The second arrow points
down and slightly less to the left and is labeled "thriller".
The third arrow points
down and slightly more to the left-center and is labaled "romance".
The fourth arrow points
down and slightly to the right of center and is labeled with nine
dots.
The fifth arrow points
down and to the far right and is labeled "outside option".
The second group of arrows
is on a line below the first group and consists of three arrows originating
from the same point.
The first arrow points
down and to the far left and is labeled "Book A".
The second arrow
points straight down from the originating point and is labeled
with five dots.
The third arrow points
down and to the far right and is labeled Book "Z".
The third group of arrows
is on the same line as the second group but to the right and consists
of three arrows originating from the same point.
The first arrow points
down and to the left and is labeled "Book A".
The second arrow points
straight down from the originating point and is labeled with four
dots.
The third arrow points
down and to the right and is labeled "Book ZZ".
To the left of the third
group of arrows is a line of 11 dots.