Modelling travellers' heterogeneous route choice behaviour as prospect maximizers
Giselle de Moraes Ramos,
Winnie Daamen and
Journal of choice modelling, 2013, vol. 6, issue C, 17-33
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.
Keywords: Prospect Theory; Reference point; Travel behaviour and heterogeneity (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:eejocm:v:6:y:2013:i:c:p:17-33
Access Statistics for this article
Journal of choice modelling is currently edited by S. Hess and J.M. Rose
More articles in Journal of choice modelling from Elsevier
Series data maintained by Dana Niculescu ().