Proceedings of 3rd International Symposium on Social Science (ISSS 2017)

A Stochastic User Equilibrium Model Based on Cumulative Prospect Theory

Authors
Haili Yin
Corresponding Author
Haili Yin
Available Online May 2017.
DOI
https://doi.org/10.2991/isss-17.2017.14How to use a DOI?
Keywords
Prospect theory; user equilibrium; bounded rationality
Abstract
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.

Download article (PDF)

Proceedings
3rd International Symposium on Social Science (ISSS 2017)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
May 2017
ISBN
978-94-6252-341-8
ISSN
2352-5398
DOI
https://doi.org/10.2991/isss-17.2017.14How to use a DOI?
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  -