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Studies of air travel choice behaviour increasingly make use of data collected through stated choice surveys. Here, we put forward the hypothesis that when making their choices in such surveys, respondents may complement the information presented to them by additional attributes. Specifically,...
Persistent link: https://www.econbiz.de/10010682062
A growing number of studies of air travel behaviour make use of data collected through stated choice surveys. However, while these studies all produce useful results in their own right, they are limited to the context of each specific study. We address this issue by using data from four related...
Persistent link: https://www.econbiz.de/10010682143
With the need for accurate forecasts of passenger demand, the airline sector is increasingly making use of behavioural models calibrated on data from stated choice surveys that allow for the analysis of hypothetical travel situations. To allow analysts to better frame the scenarios presented to...
Persistent link: https://www.econbiz.de/10010688189
Increasing use is being made of random coefficients structures, such as mixed logit, in the analysis of air travel choice behaviour. These models have the advantage of being able to retrieve random variations in sensitivities across travellers. An important issue, however, arises in the...
Persistent link: https://www.econbiz.de/10010688195
This paper presents an analysis of the choice of airport by air travellers departing from the San Francisco Bay (SF-B) area. The analysis uses the mixed multinomial logit model, which allows for a random distribution of tastes across decision makers. To our knowledge, this is the first...
Persistent link: https://www.econbiz.de/10010688197
In contrast with expected utility theory, empirical findings indicate that decision-makers are sensitive to departures from reference points rather than states. Several tests of the reference-dependent preference framework have been carried out in experimental economics, and to a smaller extent...
Persistent link: https://www.econbiz.de/10010594436
The calibration of choice models produces a set of parameter estimates and an associated covariance matrix, usually based on maximum likelihood estimation. However, in many cases, the values of interest to analysts are in fact functions of these parameters rather than the parameters themselves....
Persistent link: https://www.econbiz.de/10010574820
Stated choice surveys are used extensively in the study of choice behaviour across many different areas of research, notably in transport. One of their main characteristics in comparison with most types of revealed preference (RP) surveys is the ability to capture behaviour by the same...
Persistent link: https://www.econbiz.de/10010576630
Recent interest in the topic of random scale heterogeneity in discrete choice data has led to the development of specialised tools such as the G-MNL model, as well as repeated claims that studies which fail to separate scale heterogeneity from heterogeneity in individual coefficients are likely...
Persistent link: https://www.econbiz.de/10010703057
This paper presents the findings from a stated choice (SC) analysis conducted in the context of proposed changes to the lane system in use for the Lincoln Tunnel crossing into Manhattan. Currently, the approach road (NJ 495) to the Lincoln Tunnel has six lanes, with three in each direction....
Persistent link: https://www.econbiz.de/10009142874