A new model of random regret minimization

European Journal of Transport and Infrastructure Research

Volumn 10, Issue 2, 2010, Pages 181-196

  Chorus, Caspar G ^a  

^a DELFT UNIVERSITY OF TECHNOLOGY   (Netherlands)

Author keywords

Choice set specific preferences; Discrete choice analysis; Random Regret Minimization; Semi compensatory choice

Indexed keywords

TRANSPORTATION;

CHOICE SET-SPECIFIC PREFERENCES; DISCRETE CHOICE; DISCRETE CHOICE ANALYSIS; DISCRETE CHOICE MODELS; EMPIRICAL - COMPARISONS; RANDOM REGRET MINIMIZATIONS; RANDOM UTILITY MAXIMIZATIONS; SEMI-COMPENSATORY CHOICE;

MECHANICAL ENGINEERING;

EID: 77955218904     PISSN: None     EISSN: 15677141     Source Type: Journal    
DOI: 10.18757/ejtir.2010.10.2.2881     Document Type: Article

References (21)

1. Arentze, T.A., Oppewal, H. and Timmermans, H.J.P. (2005). A multipurpose shopping trip model to assess retail agglomeration effects. Journal of Marketing Research, Vol. 42, No. 1, pp. 109-115.
2. Bell, D.E. (1982). Regret in decision making under uncertainty. Operations Research, Vol. 30, No. 5, pp. 961-981.
3. Ben-Akiva, M. and Lerman, S.R. (1985). Discrete choice analysis: theory and application to travel demand. The MIT Press, Cambridge, Mass.
4. Chorus, C.G., Arentze, T.A., Molin, E.J.E., Timmermans, H.J.P. and van Wee, G.P. (2006a). The value of travel information: Decision-strategy specific conceptualizations and numerical examples. Transportation Research Part B, Vol. 40, No. 6, pp. 504-519.
5. Chorus, C.G., Molin, E.J.E., van Wee, G.P., Arentze, T.A. and Timmermans, H.J.P. (2006b). Responses to transit information among car-drivers: Regret-based models and simulations. Transportation Planning and Technology, Vol. 29, No. 4, pp. 249-271.
6. Chorus, C.G., Molin, E.J.E., Arentze, T.A., Hoogendoorn, S.P., Timmermans, H.J.P. and van Wee, G.P. (2007). Validation of a multimodal travel simulator with travel information provision. Transportation Research Part C, Vol. 15, No. 3, pp. 191-207.
7. Chorus, C.G., Arentze, T.A. and Timmermans, H.J.P. (2008). A Random Regret Minimization model of travel choice. Transportation Research Part B, 42(1), pp. 1-18.
8. Chorus, C.G., Arentze, T.A. and Timmermans, H.J.P. (2009). Spatial choice: A matter of utility or regret? Environment and Planning Part B, Vol. 36, No. 3, pp. 538-551.
9. Connolly, T. and Reb, J. (2005). Regret in cancer-related decisions. Health Psychology, Vol. 24, No. 4, pp. 29-34.
10. Hensher, D.A. (2009). Attribute processing, heuristics, and preference construction in choice analysis.journal>Invited plenary paper for the First International Conference on Choice Analysis, Harrogate, UK, March 29 - April 3, 2009.
11. Kivetz, R., Netzer, O. and Srinivasan, V. (2004). Alternative models for capturing the compromise effect. Journal of Marketing Research, Vol. 41, pp. 237-257.
12. Loomes, G. and Sugden, R. (1982). Regret-Theory: An alternative theory of rational choice under uncertainty. The Economic Journal, Vol. 92, No. 368, pp. 805-824.
13. Molin, E.J.E., Chorus, C.G. and van Sloten, R. (2009). The need for advanced Public Transport information services when making transfers. European Journal of Transport and Infrastructure Research, Vol. 9, No. 4, pp. 397-410.
14. Savage, Leonard J. (1954). The Foundations of Statistics. New York, Wiley.
15. Simonson, I. (1989). Choice based on reasons: The case of attraction and compromise effects. Journal of Consumer Research, Vol. 19, pp. 158-174.
16. Simonson, I. (1992). The influence of anticipating regret and responsibility on purchasing decisions. Journal of Consumer Research, Vol. 19, No. 1, pp. 105-119.
17. Starver, T. (2008). Anticipating regret: Why fewer options may be better. Econometrica, Vol. 76, No. 2, pp. 263-305.
18. th annual meeting of the Transportation Research Board, Washington D.C.
19. Wernerfelt, B. (1995). A rational reconstruction of the compromise effect: Using market data to infer utilities. Journal of Consumer Research, Vol. 21, No. 4, pp. 627-633.
20. Zeelenberg, M. (1999). The use of crying over spilled milk: A note on the rationality and functionality of regret. Philosophical Psychology, Vol. 12, No. 3, pp. 325-340.
21. Zeelenberg, M. and Pieters, R. (2007). A theory of regret regulation 1.0. Journal of Consumer Psychology, Vol. 17, No. 1, pp. 3-18.