Investigating the impact of satisfaction indicators on the efficiency of choice models: New evidence from Lebanon

Maher Said, Maya Abou-Zeid and Ali Chalak

Journal of choice modelling, 2017, vol. 22, issue C, 1-12

Abstract: New approaches to choice modeling which aim at increasing model realism through increased model complexity to capture different aspects of human behavior and latent psychological constructs have been increasingly applied in recent transportation research efforts. One of the most recent approaches is the inclusion of happiness or satisfaction indicators which function as measures of utility. In previous work using revealed preference data, adding satisfaction indicators resulted in gains in efficiency.

Keywords: Random utility model; Satisfaction; Model efficiency; Mode choice; Stated preference data (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eejocm:v:22:y:2017:i:c:p:1-12

DOI: 10.1016/j.jocm.2016.11.001

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