This book brings together frontier research in transportation and travel behaviour on the formulation and estimation of models of bounded rationality to analyse and predict various facets underlying daily activity-travel behaviour. Key behavioural principles and mechanisms relate to simplifying decision complexity by ignoring particular attributes, developing context and task-dependent mental representations, deriving decision heuristics, adding emotional aspects to cognitive assessments of choice options, regret-minimization, semi-compensatory decision rules based on mental effort and risk perception, learning and adaptation, satisfying decision rules and prospect theoretic approaches. The book is important reading for transportation researchers and professionals who are interested in the latest developments in transport demand forecasting. It offers historical reviews of the development of models of bounded rationality in this field of research, and a variety of new concepts and modelling approaches that should be inspirational to both new and experienced researchers in this field of research and application.

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Yes, you can access Bounded Rational Choice Behaviour by Soora Rasouli, Harry Timmermans, Soora Rasouli, Harry Timmermans in PDF and/or ePUB format, as well as other popular books in Technology & Engineering & Transportation & Navigation. We have over one million books available in our catalogue for you to explore.

Information

Publisher

Emerald Group Publishing Limited

Year

2015

ISBN

9781784410711

Topic

Technology & Engineering

Subtopic

Transportation & Navigation

Index

Technology & Engineering

Front Cover
Bounded Rational Choice Behaviour: Applications in Transport
Copyright page
Contents
List of Contributors
Preface
Frontiers in Modelling Bounded Rationality in Travel Behaviour Research: Introduction to the Collection of Chapters
Chapter 1 Models of Bounded Rationality under Certainty
Chapter 2 Utility Maximisation and Regret Minimisation: A Mixture of a Generalisation
Chapter 3 Relative Utility Modelling
Chapter 4 The Influence of Varying Information Load on Inferred Attribute Non-Attendance
Chapter 5 The Heterogeneous Heuristic Modeling Framework for Inferring Decision Processes
Chapter 6 Investigating Situational Differences in Individuals’ Mental Representations of Activity-Travel Decisions: Progress and Empirical Illustration for the Impact of Online Alternatives
Chapter 7 Towards a Novel Classifier for the Representation of Bounded Rationality in Models of Travel Demand
Chapter 8 Bounded Rationality in Dynamic Traffic Assignment
Chapter 9 Incorporating Bounded Rationality in a Model of Endogenous Dynamics of Activity-Travel Behaviour
Chapter 10 Multidimensional Travel Decision-Making: Descriptive Behavioural Theory and Agent-Based Models
Chapter 11 Prospect Theory and its Applications to the Modelling of Travel Choice
About the Authors
Index