Treatment of reference alternatives in stated choice surveys for air travel choice behaviour
With the need for accurate forecasts of passenger demand, the airline sector is increasingly making use of behavioural models calibrated on data from stated choice surveys that allow for the analysis of hypothetical travel situations. To allow analysts to better frame the scenarios presented to respondents, the choice situations in such stated choice surveys often include a current trip as one of the travel options. Classically, these reference alternatives have been treated in the same way as the hypothetical alternatives. The applications presented in this paper show that this potentially leads to biased results, and that it is important to recognise the differences in the nature of the two types of alternatives.
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Volume (Year): 14 (2008)
Issue (Month): 5 ()
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- Chris Starmer, 2000. "Developments in Non-expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk," Journal of Economic Literature, American Economic Association, vol. 38(2), pages 332-382, June.
- Proussaloglou, Kimon & Koppelman, Frank S., 1999. "The choice of air carrier, flight, and fare class," Journal of Air Transport Management, Elsevier, vol. 5(4), pages 193-201.
- Kenneth Train, 2003. "Discrete Choice Methods with Simulation," Online economics textbooks, SUNY-Oswego, Department of Economics, number emetr2, December.
- Hess, Stephane & Adler, Thomas & Polak, John W., 2007. "Modelling airport and airline choice behaviour with the use of stated preference survey data," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 43(3), pages 221-233, May.
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