It's certainly not the only option though, and not always the best fit.
It's certainly not the only option though, and not always the best fit.
I suppose the logistic having heavier tails than the normal is probably the main consideration in motivating one or the other as the better model for a given situation.
Logistic being is heavier-tailed, is potentially more robust to outliers. Which in terms of binary data, means that it might be a better choice in cases where an unexpected outcome is possible even in the most clear-cut cases. Probit regression with its heavier normal tails, might be a better fit in cases where the response is expected to be pretty much deterministic in clear-cut cases, and where quite severe inferences can be drawn from unexpected outcomes in those cases. Sound fair?