01661471

Component

With the objective of enhancing their understanding of student travel patterns, the authors examine their mode choice and departure time for discretionary purposes. In their study, they hypothesize that individuals are likely to consider these choices in a sequence, even if the time difference between these decisions is infinitesimally small. The proposed model allows incorporation of choice sequences (mode first, departure time second and departure time first, mode second) simultaneously. The authors employ a latent segmentation approach that probabilistically allocates students to the two sequences. Within this segmentation process, they allow the mode choice and departure time decisions to follow random utility or random regret decision framework. To the best of the authors’ knowledge, this is the first application of such a joint sequential system using regret based decision rule. Their results indicate that students’ mode and departure time choice behavior is better represented by random regret paradigm. Further, students are more likely to choose their departure time first and then mode. The estimated models are validated based on a hold-out sample.

This paper was sponsored by TRB committee ADB10 Standing Committee on Traveler Behavior and Values.

18-06123

English

8p

2018

Transportation Research Board 97th Annual Meeting

Digital/other

Figures; References; Tables

Departure time; Econometric models; Mode choice; Periods of the day; Travel patterns

Random regret minimization

Toronto (Canada)

Highways; Pedestrians and Bicyclists; Planning and Forecasting

Transportation Research Board Annual Meeting 2018 Paper #18-06123

TRIS, TRB, ATRI

Jan 8 2018 11:35AM