A semi-compensatory choice model with probabilistic choice set: combining implicit choice set within probabilistic choice set formation
The standard random utility model assumes a fully rational and compensatory choice behaviour. However, various research studies have proven that non-compensatory /semi-compensatory choice behaviour is more realistic. This paper proposes a semi-compensatory framework for the discrete choice model that combines probabilistic choice set formation along with implicit choice constraints in choice making. It combines the Independent Availability Logit (IAL) with Implicit Constrained Multinomial Logit model (CMNL). The model is applied to investigate the mode choice behaviour of the Ottawa-Gatineau regions of Canada’s capital by using the household travel survey data. The explanatory power and elasticity measures of the proposed model are compared with IAL and MNL models. It is found that the IAL-CMNL model outperforms both IAL and MNL models and can reproduce the choice set formation process more effectively. The empirical investigation shows that the IAL-CMNL model results in relatively higher tolerance and softer constraints for cut-off violations compared to the IAL model. Elasticity calculations and outcomes of this research highlight the importance of capturing choice set formation and constrained choice behaviour in the choice modelling.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/23249935
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Supplemental Notes:
- © 2020 Hong Kong Society for Transportation Studies Limited. Abstract reprinted with permission of Taylor & Francis.
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Authors:
- Rashedi, Zohreh
- Habib, Khandker Nurul
- Publication Date: 2020-1
Language
- English
Media Info
- Media Type: Web
- Features: References;
- Pagination: pp 1512-1530
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Serial:
- Transportmetrica A: Transport Science
- Volume: 16
- Issue Number: 3
- Publisher: Taylor & Francis
- ISSN: 2324-9935
- EISSN: 2324-9943
- Serial URL: http://www.tandfonline.com/loi/ttra21
Subject/Index Terms
- TRT Terms: Households; Logits; Mode choice; Probability; Travel surveys
- Geographic Terms: Ottawa-Gatineau (Canada)
- Subject Areas: Planning and Forecasting; Transportation (General);
Filing Info
- Accession Number: 01762265
- Record Type: Publication
- Files: TRIS
- Created Date: Jan 14 2021 1:39PM