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Home arrow Economics arrow Bounded rational choice behaviour

A short course of lectures
«Bounded rational choice behaviour»





Dynamic Travel Mode ChoiceProspect Theory and Behavioural ChangeEndogenous Modelling of Choice Set GenerationResultsEmotional responsesSearch Rules and Decision RulesApplicationsNon-Optimal Decision MechanismsResultsRisk perceptionTheory and ConceptsModel StructuresActivity Profiles and Universal Choice SetDeriving decision heuristicsTowards a Novel Classifier for the Representation of Bounded Rationality in Models of Travel DemandGeneral ConceptsBoundedly Rational Dynamic User Equilibrium Route Choice AssignmentModel Comparison in Terms of Model and Individual Rule ComplexityCognitive responsesRelative Utility ModellingModelling Multidimensional SearchDecision Theory in AB ModelsData and Design of the ExperimentsMental effortTravel Information and Travel BehaviourExampleStructural LearningFurther ImprovementsEmpirical AnalysisConsidering a Subset of Choice AlternativesMeasuring Mental RepresentationsEffect of α2 parameterEffect of γ parameterCase StudyBayesian Network Classifiers: Problem FormulationThe Direction Choice DecisionThe Influence of Varying Information Load on Inferred Attribute Non-AttendanceThe Heterogeneous Heuristic Modeling Framework for Inferring Decision ProcessesUpdating PhaseTravel Flow ComponentShort-term dynamicsDecision Theory in Activity-Based ModelsModel specificationRelative Utility ModellingChoices of Destinations and Stop PatternsBackgroundChoice of heuristicsPrefaceModelling ImprovementsAbout the AuthorsTowards A New Integrated ClassifierTolerance-Based Dynamic User Optimal PrincipleSolution MethodFrameworkMultidimensional Travel Decision-Making: Descriptive Behavioural Theory and Agent-Based ModelsSolution Existence and UniquenessGeneral FormulationResultsChoice Set GenerationBounded Rationality in Traffic AssignmentSatisficing DecisionModelling Imperfect KnowledgeThe ModelApplicationsProblem DefinitionData Collection and SampleEntering EvidencesChoice Task and Experimental DesignAspirations and stressEmpirical Data CollectionExtension to Comparative DecisionMotivationModel EstimationSimulation SettingsMethodologyModeling FrameworkInvestigating Situational Differences in Individuals' Mental Representations of Activity-Travel Decisions: Progress and Empirical Illustration for the Impact of Online AlternativesBounded Rationality in Dynamic Traffic AssignmentShortcomings and Limitations of Prospect Theory in Modelling Travel BehaviourResultsDesign of the ExperimentsActivity Pattern Level AnalysisConcluding RemarksEffect of Memory-Activation ParametersMaking Travel Choices under Risk: The Assumptions of Expected Utility Theory (EUT) and Prospect Theory (PT)Representing Quasi-Nested Choice StructureDataThe Go-Home Decision Nonlinear Complementarity Problem (NCP) FormulationEffect of λ2 parameterWardrop's First Principle and its Dynamic ExtensionsDynamic Traffic AssignmentNumerical SimulationsIncorporating Bounded Rationality in a Model of Endogenous Dynamics of Activity-Travel BehaviourIndifference between Small Differences in Utility or Attribute ValuesChoice set formationTrip Matrix Level AnalysisModel specificationMajor Findings of Existing StudiesLong-term dynamicsModel Comparison: Accuracy ResultsThe content of respondents' mental representationsUtility Maximisation and Regret Minimisation: A Mixture of a GeneralisationNumeric ExampleEffect of α2 parameterCumulative Prospect Theory (CPT)Mental Representations of Complex Decision ProblemsTheory and ModelsAlternative-Oriented Relative UtilityModels of Bounded Rationality under CertaintyThe complexity of respondents' mental representationsExpected outcomeChoices of Packaged ToursDecision-Making ProcessIncorporating Prospect Theory in Travel Choice Modelling – Application Areas and EvidenceReflecting the Non-linearity of Context DependencyData and Model SpecificationsBayesian NetworksProspect Theory and its Applications to the Modelling of Travel ChoiceSimulation ResultsThe Generalised RRM ModelMixture ModelHabit formationDataConsidering a Subset of Influential AttributesParameter LearningBasic Case ResultsDiscussionBoundedly Rational Dynamic user Equilibrium Route and Departure Time Choice AssignmentResultsAnalysisEffect of Emotion-Related ParametersPreference structure
 
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