A Stochastic User Equilibrium Model Based on Cumulative Prospect Theory
Available Online May 2017.
- https://doi.org/10.2991/isss-17.2017.14How to use a DOI?
- Prospect theory; user equilibrium; bounded rationality
- Path choice is a key problem in the research of travel behavior. The traditional path selection problem usually assumes that the travelers are completely rational so as to take less consideration their bounded rationality. In this paper, a stochastic user equilibrium model is established based on the cumulative prospect theory. This model considers the uncertainty of the travel network time and the perceived error of the travelers. And it sets the endogenous reference point of the travel route selection based on the reliability and the budget of travel time. This paper provides the theoretical basis for the study of travel behavior, the formulation and implementation of traffic planning, which is of great significance both for the development of theory and the practice of management.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Haili Yin PY - 2017/05 DA - 2017/05 TI - A Stochastic User Equilibrium Model Based on Cumulative Prospect Theory BT - 3rd International Symposium on Social Science (ISSS 2017) PB - Atlantis Press SP - 64 EP - 69 SN - 2352-5398 UR - https://doi.org/10.2991/isss-17.2017.14 DO - https://doi.org/10.2991/isss-17.2017.14 ID - Yin2017/05 ER -