Beck, Matthew J.; Chorus, Caspar G.; Rose, John M.; … - In: Journal of Transport Economics and Policy 47 (2013) 3, pp. 475-492
Random utility maximisation is the pre-eminent behavioural theory used to model choices. An alternative paradigm, however, is random regret minimisation. While the majority of the literature examines the choices of individuals, this paper compares the choices of groups, as well as individuals,...