Experiment of boundedly rational route choice behavior and the model under satisficing rule

In this paper, the authors study the boundedly rational route choice behavior under the Simon’s satisficing rule. A laboratory experiment was carried out to verify the participants’ boundedly rational route choice behavior. By introducing the concept of aspiration level which is specific to each person, the authors develop a novel model of the problem in a parallel-link network and investigate the properties of the boundedly rational user equilibrium (BRUE) state. Conditions for ensuring the existence and uniqueness of the BRUE solution are derived. A solution method is proposed to find the unique BRUE state. Extensions to general networks are conducted. Numerical examples are presented to demonstrate the theoretical analyses.

• Record URL:
  https://doi.org/10.1016/j.trc.2016.03.006
• Record URL:
  http://www.sciencedirect.com/science/article/pii/S0968090X16000760
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/0968090X
• Supplemental Notes:
  • Abstract reprinted with permission of Elsevier.
• Authors:
  • Zhao, Chuan-Lin
  • Huang, Hai-Jun
• Publication Date: 2016-7

Language

• English

Media Info

• Media Type: Web
• Features: Figures; References; Tables;
• Pagination: pp 22-37
• Serial:
  • Transportation Research Part C: Emerging Technologies
  • Volume: 68
  • Publisher: Elsevier
  • ISSN: 0968-090X
  • Serial URL: http://www.sciencedirect.com/science/journal/0968090X

Subject/Index Terms

• TRT Terms: Decision making; Economics; Mathematical models; Route choice
• Uncontrolled Terms: Bounded rationality framework
• Subject Areas: Highways; Planning and Forecasting;

Filing Info

• Accession Number: 01604549
• Record Type: Publication
• Files: TRIS
• Created Date: Jul 1 2016 5:06PM