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Modeling experienced accessibility for utility-maximizers and regret-minimizers
KTH, School of Architecture and the Built Environment (ABE), Centres, Centre for Transport Studies, CTS.
2011 (English)In: Journal of Transport Geography, ISSN 0966-6923, E-ISSN 1873-1236, Vol. 19, no 6, p. 1155-1162Article in journal (Refereed) Published
Abstract [en]

This paper argues that there is a discrepancy between what Logsum-measures of accessibility aim to measure (experienced-utility) and what they actually measure (decision-utility). The latter type of utility refers to the evaluation of an alternative with the aim of making a decision, while the former refers to the evaluation of a chosen alternative after the choice has been made. We argue that accessibility should preferably be conceptualized and operationalized in terms of experienced-utility, but that this type of utility is difficult to measure. Motivated by these observations we show, taking the Logsurn as a starting point, how its building blocks (parameters estimated from choice patterns) can be used to construct closed-form and easy to compute accessibility-measures that provide an approximation of experienced-utility. We distinguish between decision-making based on utility-maximization and regret-minimization premises. Using a small-scale case-study building on departure time-choice data, we illustrate the working of the developed accessibility-measures and highlight how they differ from the Logsum-approach.

Place, publisher, year, edition, pages
2011. Vol. 19, no 6, p. 1155-1162
Keywords [en]
Accessibility, Logsum, Experienced-utility, Decision-utility, Random Regret Minimization
National Category
Transport Systems and Logistics
Identifiers
URN: urn:nbn:se:kth:diva-83810DOI: 10.1016/j.jtrangeo.2011.02.009ISI: 000299148900010Scopus ID: 2-s2.0-79959662822OAI: oai:DiVA.org:kth-83810DiVA, id: diva2:500614
Note

QC 20120213

Available from: 2012-02-13 Created: 2012-02-13 Last updated: 2017-12-07Bibliographically approved

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CiteExportLink to record
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Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
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