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Main Title: A Model of Risk-Sensitive Route-Choice Behavior and the Potential Benefit of Route Guidance
Author(s): Illenberger, Johannes
Flötteröd, Gunnar
Nagel, Kai
Type: Article
Language Code: en
Abstract: 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.
Issue Date: 2011
Date Available: 28-Mar-2019
DDC Class: 380 Handel, Kommunikation, Verkehr
Subject(s): intelligent transportation systems
multiagent systems
risk analysis
Journal Title: IEEE Transactions on Intelligent Transportation Systems
Publisher: IEEE
Publisher Place: New York, NY
Volume: 12
Issue: 2
Publisher DOI: 10.1109/TITS.2011.2105266
Page Start: 384
Page End: 389
EISSN: 1558-0016
ISSN: 1524-9050
Appears in Collections:FG Verkehrssystemplanung und Verkehrstelematik » Publications

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