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

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  • Kim, Jinhee
  • Rasouli, Soora
  • Timmermans, Harry

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.

Suggested Citation

  • Kim, Jinhee & Rasouli, Soora & Timmermans, Harry, 2017. "Satisfaction and uncertainty in car-sharing decisions: An integration of hybrid choice and random regret-based models," Transportation Research Part A: Policy and Practice, Elsevier, vol. 95(C), pages 13-33.
    • Handle: RePEc:eee:transa:v:95:y:2017:i:c:p:13-33
    DOI: 10.1016/j.tra.2016.11.005
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