“…Among the limited number of studies, Zhang et al (2004), Kuwano et al (2011), andWang et al (2010) investigated the impacts of future expectations on travel mode choice and vehicle type choice based on a dynamic generalized extreme value (DGEV) model proposed by (Swait et al, 2000). On the other hand, it has been relatively long recognized in other disciplines (e.g., psychology and economics) that people's numerous behaviors are forward looking (e.g., Kuklinski and West, 1981;Manski, 1999;Carvajal et al, 2000;Chan and Stevens, 2004;Khan and Dhar, 2007;Van der Klaauw and Wolpin, 2008;Van der Klaauw, 2012). Unrevealed issues include how far people look forward in deciding their current behavior, how people form their expectations toward future behavior, whether future expectations are stable over time or not, how reliable are people's reporting about future expectations, etc.…”