Risky mode choice behavior with heterogeneous attitudes to risk : a latent class perspective

Lapparent, Matthieu de (Haute école d’ingénierie et de gestion du canton de Vaud, HES-SO // Haute Ecole Spécialisée de Suisse Occidentale) ; Baillif, Maurin (Haute école d’ingénierie et de gestion du canton de Vaud, HES-SO // Haute Ecole Spécialisée de Suisse Occidentale) ; Bouscasse, Hélène (Transport, Urban Planning and Economics Laboratory, Vaulx-en-Velin, France)

This paper proposes to develop a latent class risky choice for interurban mode choice that we apply to SP data that were collected in the French Rhône-Alpes region. Risk is related to travel time outcomes, where its considered that travelers may arrive on-time or late with some delay probability. We here integrate variety of attitudes to probabilities and attitudes to risky outcomes within the rank-dependent utility (RDU) framework, leaving up divergence from the latter (i.e. choice of a decision-making framework) for further research. We assume that all decision-makers behave following that theoretical framework yet considering that they may have different attitudes to risk, e.g. attitudes to probabilities and attitudes to outcomes of the risky prospect. It offers enough flexibility to characterize unobserved behavioral clusters in a sample of observed travel choices. It makes possible to elegantly consider from risky-prone behaviors to risk-adverse behaviors with risk-neutral behaviors as a balancing point in a theoretically consistent way.


Keywords:
Conference Type:
full paper
Faculty:
Economie et Services
School:
HEIG-VD
Institute:
IIDE - Institut Interdisciplinaire du Développement de l'Entreprise
Subject(s):
Economie/gestion
Publisher:
Ascona, Switzerland, 15-17 May 2019
Date:
2019-05
Ascona, Switzerland
15-17 May 2019
Pagination:
14 p.
Published in:
Proceedings of the 19th Swiss Transport Research Conference
External resources:
Appears in Collection:



 Record created 2019-09-17, last modified 2019-11-11

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