<title>A<sc>bstract</sc> </title> This article investigates the use and effects of transit information among car drivers that consider transit as a mode-option in their choice set. It does so by first presenting a theoretical model of travel information use and effect, based on the integration of notions of Bayesian...

Behavioral models of the perceived value of travel information are developed that take into account satisficing as well as maximizing behavior, and are suitable for the evaluation of information acquisition for alternative generation as well as assessment. This is done by integrating notions of...

This paper presents the results of a stated choice-study among Dutch local politicians in the context of road pricing policies. Politicians were asked to express their preferences for policy-options that differed in terms of (i) emissions reduction, (ii) congestion reduction, (iii) operational...

<title>Abstract</title> When conjoint experiments are applied to study complex decision making that involve many attributes, this often results in problems of information overload and respondent burden, potentially jeopardizing the validity of such experiments. To avoid or reduce the impact of these potential...

This paper develops new methodological insights on Random Regret Minimization (RRM) models. It starts by showing that the classical RRM model is not scale-invariant, and that – as a result – the degree of regret minimization behavior imposed by the classical RRM model depends crucially on...

This paper focuses on hybrid choice models of the type increasingly being used by travel demand modelers, which include latent perception and attitude related variables. We argue that, contrary to current practice, these models do not support the derivation of policies that aim to change travel...

The aim of this paper is to present and test a crucial building block for a regret minimization based choice set formation model, in that it presents a regret based benefit measure for the value associated with adding an alternative to one׳s choice set. By doing so, the paper contributes to...

Choice modelling is an increasingly important technique for forecasting and valuation, with applications in fields such as transportation, health and environmental economics. For this reason it has attracted attention from leading academics and practitioners and methods have advanced...

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,...

This paper presents a utility-based and a regret-based model of consumer preferences for alternative fuel vehicles, based on a large-scale stated choice-experiment held among company car leasers in The Netherlands. Estimation and application of random utility maximization and random regret...