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<title>Abstract</title> Rapid technological developments in the field of personal communication services probe visions of a next generation in Advanced Traveller Information Services (ATIS). These technological developments provoke a renewed interest in the use and effect of such next‐generation ATIS among...
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<title>A<sc>bstract</sc> </title> This article investigates the use and effects of transit information among car drivers that consider transit as a mode-option in their choice set. It does so by first presenting a theoretical model of travel information use and effect, based on the integration of notions of Bayesian...
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This paper presents the results of an experimental study into the role of risk aversion and regret aversion as codeterminants of travel choice inertia. Theoretical results published by Chorus and Dellaert are tested empirically. More specifically, the expectation is tested that when (1)...
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This paper presents, discusses and tests a Generalized Random Regret Minimization (G-RRM) model. The G-RRM model is created by recasting a fixed constant in the attribute-specific regret functions of the conventional RRM model, into an attribute-specific regret-weight. Given that regret-weights...
Persistent link: https://www.econbiz.de/10010931631
The aim of this paper is to present and test a crucial building block for a regret minimization based choice set formation model, in that it presents a regret based benefit measure for the value associated with adding an alternative to one׳s choice set. By doing so, the paper contributes to...
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