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.
A Model of Risk-Sensitive Route-Choice Behavior and the Potential Benefit of Route Guidance
IEEE Transactions on Intelligent Transportation Systems ; 12 , 2 ; 384-389
2011-06-01
196009 byte
Article (Journal)
Electronic Resource
English
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