Print Email Facebook Twitter Travel choice models that generate preferences for compromise alternatives: An empirical comparison Title Travel choice models that generate preferences for compromise alternatives: An empirical comparison Author Chorus, C.G. Bierlaire, M. Faculty Technology, Policy and Management Department Infrastructures, Systems and Services Date 2013-12-31 Abstract Compromise alternatives have an intermediate performance on each or most attributes rather than having a poor performance on some attributes and a strong performance on others. The relative popularity of compromise alternatives among decision-makers has been convincingly established in a wide range of decision contexts. We discuss three choice models that capture a potential preference for compromise alternatives. One approach, which is introduced in this paper, involves the construction of a so-called compromise variable which indicates to what extent (i.e., on how many attributes) a given alternative is a compromise alternative in its choice set. Another approach consists of the recently introduced random regret-model form, where the popularity of compromise alternatives emerges endogenously from the regret minimizationbased decision rule. A third approach consists of the contextual concavity model, which is known for favoring compromise alternatives by means of a locally concave utility function. Estimation results on a stated route choice dataset show that, in terms of model fit and predictive ability, the contextual concavity and random regret models appear to perform better than the model that contains an added compromise variable. Subject compromise effectroute-choicesrandom regretcontextual concavity To reference this document use: http://resolver.tudelft.nl/uuid:77f1659a-c5ff-4387-b436-c6e98b477628 Publisher Transportation Research Board Source 92nd Annual Meeting Transportation Research Board, Washington, USA, 13-17 January 2013; Authors version Part of collection Institutional Repository Document type conference paper Rights (c)2013 Chorus, C.G., Bierlaire, M. Files PDF 301828.pdf 154.07 KB Close viewer /islandora/object/uuid:77f1659a-c5ff-4387-b436-c6e98b477628/datastream/OBJ/view