Integrating attribute non-attendance and value learning with risk attitudes and perceptual conditioning
David Hensher () and
Transportation Research Part E: Logistics and Transportation Review, 2017, vol. 97, issue C, 172-191
This study integrates multiple decision process strategies (Attribute Non-Attendance and Value Learning) with risk attitudes, perceptual conditioning and overt experience, which, to the best of our knowledge, has not been done before. We propose a way to include multiple heuristics as an alternative to current dominant paradigms, which supports a behavioural view that more than one heuristic simultaneously is at play in attribute and alternative processing. Our results show that including multiple decision process strategies, and integrating of all these components, significantly improves the model’s performance and enhances our understanding of how preferences are made.
Keywords: Multiple heuristics; Risk attitudes; Perceptual conditioning; Overt experience; Behavioural refinements; Combined heuristics approach; Probabilistic decision process (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:transe:v:97:y:2017:i:c:p:172-191
Ordering information: This journal article can be ordered from
http://www.elsevier. ... 600244/bibliographic
Access Statistics for this article
Transportation Research Part E: Logistics and Transportation Review is currently edited by W. Talley
More articles in Transportation Research Part E: Logistics and Transportation Review from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().