Satisfaction and uncertainty in car-sharing decisions: An integration of hybrid choice and random regret-based models

Jinhee Kim, Soora Rasouli and Harry Timmermans

Transportation Research Part A: Policy and Practice, 2017, vol. 95, issue C, 13-33

Abstract: Car-sharing systems have attracted increasingly attention as one of several sustainable transportation systems. After joining a car-sharing organization, people can use a shared-car. Because sharing a car involves other members, there is some inherent uncertainty that originates from the possible non-availability of the shared-car. This uncertainty may trigger people to apply decision-making mechanisms other than the maximization of expected utility. In addition, variable satisfaction with current mobility options may affect individuals’ decisions differently. Such uncertainty and satisfaction associated with car-sharing decisions have been largely ignored in previous studies. The present study is designed to examine the effects of latent satisfaction with current mobility options and uncertainty underlying car-sharing decisions. A random-regret minimization-based hybrid choice model is proposed to simultaneously estimate these effects. The model allows investigating car-sharing decisions in both risky and riskless choice contexts. The parameters are estimated based on stated choice data using a Bayesian D-efficient optimal design. The results show that satisfaction significantly affects the car-sharing decision, and that car availability has a significant effect on the likelihood of joining a car-sharing organization.

Keywords: Car-sharing; Hybrid choice model; Random regret minimization; Satisfaction; Decision-making under uncertainty (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (33)

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DOI: 10.1016/j.tra.2016.11.005

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