Information gain, novelty seeking and travel: a model of dynamic activity-travel behavior under conditions of uncertainty
When making a trip, individuals make observations that may increase their knowledge about their environment. In this paper, we develop a measure of expected information gain based on a Bayesian model of mental maps and belief updating. We argue that expected information gain is an element of the utility function of trip choice alternatives under conditions of limited information and learning. Theory and models are developed. The simulations conducted illustrate that expected information gain tends to favor longer trips and variety seeking in terms of both route and destination choice. We argue, therefore, that individuals may perceive a positive utility of travel through environments with which they are less familiar.
Year of publication: |
2005
|
---|---|
Authors: | Arentze, T.A. ; Timmermans, H.J.P. |
Published in: |
Transportation Research Part A: Policy and Practice. - Elsevier, ISSN 0965-8564. - Vol. 39.2005, 2-3, p. 125-145
|
Publisher: |
Elsevier |
Saved in:
Saved in favorites
Similar items by person
-
Arentze, T.A., (2005)
-
Shopping Context and Consumers' Mental Representation of Complex Shopping Trip Decision Problems
Dellaert, B.G.C., (2008)
-
Investigating consumers' tendency to combine multiple shopping purposes and destinations
Dellaert, B.G.C., (1997)
- More ...