Modeling discrete choices in the presence of inertia and serial correlation

Simple item page
dc.contributor.authorCantillo, Victor
dc.contributor.authorOrtuzar, Juan de Dios
dc.contributor.authorWilliams, Huw C. W. L.
dc.date.accessioned2024-01-10T12:06:41Z
dc.date.available2024-01-10T12:06:41Z
dc.date.issued2007
dc.description.abstractThe concept of habit or inertia in the context of (reluctance to) change in travel behavior has an important bearing on transport policy (e.g., how to break car use habits) and has remained an unresolved issue in demand modeling. Another major problem in modeling the response to policy measures is the potential correlation or dependence between the choices made by a given individual over time (i.e., serial correlation). The two phenomena are closely related. This paper discusses the effects of considering inertia and serial correlation on travel choices. We formulate a fairly general discrete choice model that incorporates randomly distributed inertia thresholds and allow for serial correlation. The inertia thresholds may also be a function of an individual's socioeconomic characteristics and choice conditions. The model can be applied with panel data as well as with mixed revealed and stated preference data. We applied it to real and simulated data, confirming that if these phenomena exist in the population but are not considered, serious errors in model estimation and prediction may arise, especially in the case of large policy impacts.
dc.fechaingreso.objetodigital2024-05-16
dc.format.extent11 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1287/trsc.1060.0178
dc.identifier.issn0041-1655
dc.identifier.urihttps://doi.org/10.1287/trsc.1060.0178
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/76194
dc.identifier.wosidWOS:000248631700004
dc.information.autorucIngeniería;Ortúzar J. de D.;S/I;99241
dc.issue.numero2
dc.language.isoen
dc.nota.accesocontenido parcial
dc.pagina.final205
dc.pagina.inicio195
dc.publisherINFORMS
dc.revistaTRANSPORTATION SCIENCE
dc.rightsacceso restringido
dc.subjectdiscrete choice models
dc.subjectthresholds
dc.subjectinertia
dc.subjectserial correlation
dc.subjectpanel data
dc.subjectmixed and revealed preference data
dc.subjectSTATE DEPENDENCE
dc.subjectMULTINOMIAL PROBIT
dc.subjectSWITCHING MODELS
dc.subjectHETEROGENEITY
dc.subjectHABIT
dc.subject.ods11 Sustainable Cities and Communities
dc.subject.odspa11 Ciudades y comunidades sostenibles
dc.titleModeling discrete choices in the presence of inertia and serial correlation
dc.typeartículo
dc.volumen41
sipa.codpersvinculados99241
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
2024-05-16. Modeling discrete choices in the presence of inertia and serial correlation.pdf
Size:
2.71 KB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Artículos de revistas