Knowledge of departure times of commuter trips plays an important role in providing a basis for future policy making and for forecasting the peak hour without a great deal of investigation. This paper has proposed a departure time choice model based on prospect theory, considering that travelers are not entirely rational (i.e., being affected by the environment, the ability to obtain traffic information, and so on). In the case study, travelers are divided into several groups by their risk attitude (risk averse, risk neutral, risk appetite). We then find the differences in the departure time amongst different the kinds of travelers, providing evidence for road network construction and traffic management.


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    Title :

    A Departure Time Choice Model with Bounded Rationality


    Contributors:
    Tang, Wenyun (author) / Cheng, Lin (author) / Chu, Zhaoming (author)

    Conference:

    Second International Conference on Transportation Information and Safety ; 2013 ; Wuhan, China


    Published in:

    ICTIS 2013 ; 596-601


    Publication date :

    2013-06-11




    Type of media :

    Conference paper


    Type of material :

    Electronic Resource


    Language :

    English





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