A Stochastic User Equilibrium Model Based on Cumulative Prospect Theory

DOI

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.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Haili Yin
PY  - 2017/05
DA  - 2017/05
TI  - A Stochastic User Equilibrium Model Based on Cumulative Prospect Theory
BT  - Proceedings of 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  - 10.2991/isss-17.2017.14
ID  - Yin2017/05
ER  -