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.


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    Title :

    A Model of Risk-Sensitive Route-Choice Behavior and the Potential Benefit of Route Guidance


    Contributors:
    Illenberger, J (author) / Flotterod, G (author) / Nagel, K (author)


    Publication date :

    2011-06-01


    Size :

    196009 byte




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English