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research article
A model of risk-sensitive route-choice behaviour and the potential benefit of route guidance
In this paper, we present a simulation-based investigation of the potential benefit of route-guidance information in the context of risk-sensitive travelers. We set up a simple two-route scenario where travelers are repeatedly faced with risky route-choice decisions. The risk averseness of the travelers is implicitly controlled through a generic utility function. We vary both the travelers' sensitivity toward risk and the equipment fraction with route-guidance devices and show that the benefits of guided travelers increase with their sensitivity toward risk.
Type
research article
Web of Science ID
WOS:000291315100009
Authors
Publication date
2011
Volume
12
Issue
2
Start page
384
End page
389
Peer reviewed
REVIEWED
EPFL units
Available on Infoscience
February 7, 2011
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