Does the decision rule matter for large-scale transport models?

This paper is the first to study to what extent decision rules, embedded in disaggregate discrete choice models, matter for large-scale aggregate level mobility forecasts. Such large-scale forecasts are a crucial underpinning for many transport infrastructure investment decisions. We show, in the particular context of (linear-additive)...

Accounting for variation in choice set size in Random Regret Minimization models

This paper derives a trick to account for variation in choice set size in Random Regret Minimization (RRM) models. In many choice situations the choice set size varies across choice observations. As in RRM models regret level differences increase with increasing choice set size, not accounting for variation in choice set size results in RRM...