Modelling travellers' heterogeneous route choice behaviour as prospect maximizers

The use of Prospect Theory to model route choice has increased in the past decades. The main application issue is how to define the reference point, i.e., the value that travellers use as a reference to distinguish gains and losses in the experienced travel times. Moreover, the question can be asked whether all travellers have the same reference point or whether heterogeneity in their behaviour plays an important role.

MoreLess

Year of publication:	2013
Authors:	de Moraes Ramos, Giselle ; Daamen, Winnie ; Hoogendoorn, Serge
Published in:	Journal of choice modelling. - Elsevier, ISSN 1755-5345. - Vol. 6.2013, C, p. 17-33
Publisher:	Elsevier
Subject:	Prospect Theory \| Reference point \| Travel behaviour and heterogeneity

Online Resource

Check full text access |

More access options

Check Google Scholar

In libraries world-wide (WorldCat)

In German libraries (KVK)

subito order

I need help

More details

Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010703064