Embedding risk attitude and decision weights in non-linear logit to accommodate time variability in the value of expected travel time savings

Transportation Research Part B: Methodological

Volumn 45, Issue 7, 2011, Pages 954-972

  Hensher, David A ^a   Greene, William H ^b   Li, Zheng ^a  

^a UNIVERSITY OF SYDNEY   (Australia)

^b NEW YORK UNIVERSITY   (United States)

Author keywords

Expected utility theory; Non linear logit; Probability weighting; Risk attitude; Trip time variability; Valuation of expected travel time savings

Indexed keywords

BEHAVIORAL RESEARCH; DECISION THEORY; PARAMETER ESTIMATION; PROBABILITY; RISK PERCEPTION; RISKS;

EXPECTED UTILITY THEORY; NON LINEAR; PROBABILITY WEIGHTING; RISK ATTITUDE; TRAVEL TIME SAVINGS; TRIP TIME;

TRAVEL TIME;

DECISION ANALYSIS; DECISION SUPPORT SYSTEM; HEURISTICS; LOGIT ANALYSIS; NONLINEARITY; PARAMETERIZATION; PERCEPTION; RISK ASSESSMENT; TEMPORAL VARIATION; TIME DEPENDENT BEHAVIOR; TRAVEL BEHAVIOR; TRAVEL TIME; WILLINGNESS TO PAY;

EID: 79959791911     PISSN: 01912615     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.trb.2011.05.023     Document Type: Article

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