Bounded Rational Choice Behaviour: Applications in Transport (Hardcover)

Bounded Rational Choice Behaviour: Applications in Transport Cover Image
By Soora Rasouli (Editor), Harry Timmermans (Editor)
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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.
Product Details
ISBN: 9781784410728
ISBN-10: 1784410721
Publisher: Emerald Group Publishing
Publication Date: January 30th, 2015
Pages: 288
Language: English