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A short course of lectures
«Bounded rational choice behaviour»





ResultsGeneral ConceptsChoice Task and Experimental DesignModels of Bounded Rationality under CertaintyShortcomings and Limitations of Prospect Theory in Modelling Travel BehaviourFurther ImprovementsMeasuring Mental RepresentationsBayesian Network Classifiers: Problem FormulationDecision Theory in AB ModelsConcluding RemarksModelling Multidimensional SearchHabit formationConsidering a Subset of Choice AlternativesBasic Case ResultsDeriving decision heuristicsModeling FrameworkCognitive responsesModel Comparison in Terms of Model and Individual Rule ComplexityExpected outcomeSolution MethodModelling Imperfect KnowledgeModelling ImprovementsApplicationsActivity Profiles and Universal Choice SetModel EstimationBoundedly Rational Dynamic user Equilibrium Route and Departure Time Choice AssignmentIncorporating Bounded Rationality in a Model of Endogenous Dynamics of Activity-Travel BehaviourProspect Theory and Behavioural ChangeExtension to Comparative DecisionTravel Information and Travel BehaviourSimulation ResultsTolerance-Based Dynamic User Optimal PrincipleDynamic Traffic AssignmentEmpirical Data CollectionModel StructuresNonlinear Complementarity Problem (NCP) FormulationStructural LearningChoices of Destinations and Stop PatternsDynamic Travel Mode ChoiceAlternative-Oriented Relative UtilityPreference structureSimulation SettingsNon-Optimal Decision MechanismsTheory and ModelsExampleMixture ModelSearch Rules and Decision RulesData and Model SpecificationsMental Representations of Complex Decision ProblemsNumeric ExampleWardrop's First Principle and its Dynamic ExtensionsTheory and ConceptsDiscussionThe Direction Choice DecisionIndifference between Small Differences in Utility or Attribute ValuesChoice set formationUpdating PhaseDataResultsModel Comparison: Accuracy ResultsBounded Rationality in Traffic AssignmentSatisficing DecisionEmpirical AnalysisThe Go-Home Decision Multidimensional Travel Decision-Making: Descriptive Behavioural Theory and Agent-Based ModelsLong-term dynamicsEffect of α2 parameterTrip Matrix Level AnalysisRisk perceptionParameter LearningChoice Set GenerationBackgroundBounded Rationality in Dynamic Traffic AssignmentAspirations and stressSolution Existence and UniquenessApplicationsPrefaceData Collection and SampleInvestigating Situational Differences in Individuals' Mental Representations of Activity-Travel Decisions: Progress and Empirical Illustration for the Impact of Online AlternativesMethodologyThe complexity of respondents' mental representationsConsidering a Subset of Influential AttributesAnalysisEffect of α2 parameterRelative Utility ModellingData and Design of the ExperimentsEffect of λ2 parameterShort-term dynamicsUtility Maximisation and Regret Minimisation: A Mixture of a GeneralisationEndogenous Modelling of Choice Set GenerationTowards a Novel Classifier for the Representation of Bounded Rationality in Models of Travel DemandResultsEffect of γ parameterModel specificationChoice of heuristicsGeneral FormulationFrameworkThe Influence of Varying Information Load on Inferred Attribute Non-AttendanceBayesian NetworksEffect of Memory-Activation ParametersIncorporating Prospect Theory in Travel Choice Modelling – Application Areas and EvidenceCase StudyActivity Pattern Level AnalysisResultsCumulative Prospect Theory (CPT)Design of the ExperimentsMental effortDecision Theory in Activity-Based ModelsNumerical SimulationsEntering EvidencesTowards A New Integrated ClassifierThe Heterogeneous Heuristic Modeling Framework for Inferring Decision ProcessesThe ModelDecision-Making ProcessThe Generalised RRM ModelMotivationBoundedly Rational Dynamic User Equilibrium Route Choice AssignmentProspect Theory and its Applications to the Modelling of Travel ChoiceRepresenting Quasi-Nested Choice StructureTravel Flow ComponentAbout the AuthorsReflecting the Non-linearity of Context DependencyEffect of Emotion-Related ParametersChoices of Packaged ToursMaking Travel Choices under Risk: The Assumptions of Expected Utility Theory (EUT) and Prospect Theory (PT)Relative Utility ModellingThe content of respondents' mental representationsProblem DefinitionMajor Findings of Existing StudiesResultsDataModel specificationEmotional responses
 
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