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Title:

A Semi-Compensatory Choice Model with Probabilistic Choice Set: Combining Implicit Choice Set within Probabilistic Choice set Formation

Accession Number:

01697416

Record Type:

Component

Abstract:

The standard random utility model assumes 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) to improve the performance of both approaches. The model is applied to investigate 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 IAL-CMNL model outperforms both IAL and MNL models and can reproduce choice set formation process more effectively. The empirical investigation shows that 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.

Supplemental Notes:

This paper was sponsored by TRB committee ADB40 Standing Committee on Transportation Demand Forecasting.

Report/Paper Numbers:

19-01465

Language:

English

Corporate Authors:

Transportation Research Board

Authors:

Rashedi, Zohreh
Habib, Khandker Nurul

Pagination:

21p

Publication Date:

2019

Conference:

Transportation Research Board 98th Annual Meeting

Location: Washington DC, United States
Date: 2019-1-13 to 2019-1-17
Sponsors: Transportation Research Board

Media Type:

Digital/other

Features:

Figures; References; Tables

Geographic Terms:

Subject Areas:

Planning and Forecasting; Transportation (General)

Source Data:

Transportation Research Board Annual Meeting 2019 Paper #19-01465

Files:

TRIS, TRB, ATRI

Created Date:

Dec 7 2018 9:27AM