Heuristics and Biases in Travel Mode Choice
AbstractThis study applies experimental methods to analyze travel mode choice. Two different scenarios are considered. In the first scenario, subjects have to decide whether to commute by car or by metro. Metro costs are fixed, while car costs are uncertain and determined by the joint effect of casual events and traffic congestion. In the second scenario, subjects have to decide whether to travel by car or by bus, both modes in which costs are determined by the combination of chance and congestion. Subjects receive feedback information on the actual travel times of both modes. We find that individuals exhibit a marked preference for cars, are inclined to confirm their first choice and demonstrate travel mode stickiness. We conclude that travel mode choice is subject to heuristics and biases that lead to robust deviations from rational choice
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Bibliographic InfoPaper provided by SIET Società Italiana di Economia dei Trasporti e della Logistica in its series Working Papers with number 0905.
Length: 25 pages
Date of creation: 2009
Date of revision:
travel mode choice; learning; information; heuristics; cognitive biases;
Other versions of this item:
- Alessandro Innocenti & Patrizia Lattarulo & Maria Grazia Pazienza, 2009. "Heuristics and Biases in Travel Mode Choice," Labsi Experimental Economics Laboratory University of Siena 027, University of Siena.
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - Transportation: Demand, Supply, and Congestion
- R48 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Systems - - - Government Pricing and Policy
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