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A short course of lectures
«Bounded rational choice behaviour»





Towards a Novel Classifier for the Representation of Bounded Rationality in Models of Travel DemandModel specificationModel StructuresChoices of Destinations and Stop PatternsResultsExpected outcomeSolution Existence and UniquenessBounded Rationality in Traffic AssignmentThe Go-Home Decision Tolerance-Based Dynamic User Optimal PrincipleEndogenous Modelling of Choice Set GenerationEffect of Emotion-Related ParametersShortcomings and Limitations of Prospect Theory in Modelling Travel BehaviourEmotional responsesNonlinear Complementarity Problem (NCP) FormulationConsidering a Subset of Choice AlternativesCognitive responsesIncorporating Bounded Rationality in a Model of Endogenous Dynamics of Activity-Travel BehaviourAnalysisCase StudyBoundedly Rational Dynamic user Equilibrium Route and Departure Time Choice AssignmentModelling Imperfect KnowledgeTravel Flow ComponentDecision Theory in Activity-Based ModelsRelative Utility ModellingBoundedly Rational Dynamic User Equilibrium Route Choice AssignmentBounded Rationality in Dynamic Traffic AssignmentShort-term dynamicsUtility Maximisation and Regret Minimisation: A Mixture of a GeneralisationDecision-Making ProcessDesign of the ExperimentsChoice of heuristicsAbout the AuthorsNon-Optimal Decision MechanismsResultsReflecting the Non-linearity of Context DependencyIncorporating Prospect Theory in Travel Choice Modelling – Application Areas and EvidenceModelling Multidimensional SearchEntering EvidencesEmpirical Data CollectionHabit formationExtension to Comparative DecisionMethodologyModel Comparison in Terms of Model and Individual Rule ComplexityTheory and ModelsThe Direction Choice DecisionProspect Theory and its Applications to the Modelling of Travel ChoiceResultsThe Influence of Varying Information Load on Inferred Attribute Non-AttendanceAlternative-Oriented Relative UtilityAspirations and stressModeling FrameworkProblem DefinitionDataData and Design of the ExperimentsDynamic Traffic AssignmentModels of Bounded Rationality under CertaintyExampleTowards A New Integrated ClassifierEffect of λ2 parameterDiscussionBayesian Network Classifiers: Problem FormulationSimulation SettingsThe complexity of respondents' mental representationsMixture ModelWardrop's First Principle and its Dynamic ExtensionsThe Generalised RRM ModelThe content of respondents' mental representationsSimulation ResultsBasic Case ResultsGeneral FormulationRisk perceptionParameter LearningBayesian NetworksSolution MethodModelling ImprovementsRelative Utility ModellingResultsSearch Rules and Decision RulesStructural LearningActivity Pattern Level AnalysisNumeric ExampleMental Representations of Complex Decision ProblemsData Collection and SampleRepresenting Quasi-Nested Choice StructureMotivationEmpirical AnalysisEffect of γ parameterCumulative Prospect Theory (CPT)Multidimensional Travel Decision-Making: Descriptive Behavioural Theory and Agent-Based ModelsDynamic Travel Mode ChoiceEffect of α2 parameterConcluding RemarksBackgroundThe ModelMajor Findings of Existing StudiesPreference structureResultsMaking Travel Choices under Risk: The Assumptions of Expected Utility Theory (EUT) and Prospect Theory (PT)The Heterogeneous Heuristic Modeling Framework for Inferring Decision ProcessesDeriving decision heuristicsUpdating PhaseMeasuring Mental RepresentationsChoice Task and Experimental DesignNumerical SimulationsSatisficing DecisionTheory and ConceptsData and Model SpecificationsDataFurther ImprovementsTravel Information and Travel BehaviourModel EstimationEffect of α2 parameterChoices of Packaged ToursDecision Theory in AB ModelsProspect Theory and Behavioural ChangeMental effortApplicationsConsidering a Subset of Influential AttributesInvestigating Situational Differences in Individuals' Mental Representations of Activity-Travel Decisions: Progress and Empirical Illustration for the Impact of Online AlternativesChoice set formationChoice Set GenerationActivity Profiles and Universal Choice SetPrefaceModel Comparison: Accuracy ResultsFrameworkGeneral ConceptsIndifference between Small Differences in Utility or Attribute ValuesModel specificationApplicationsLong-term dynamicsEffect of Memory-Activation ParametersTrip Matrix Level Analysis
 
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