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Travel time is probably one of the most studied attributes in route choice. Recently, perception of travel time received more attention as several studies have shown its importance in explaining route choice behavior. In particular, travel time estimates by travelers appear to be biased against...
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Strategic behaviour is one of the main explanations for cost overruns. It can be theoretically supported by agency theory, in which strategic behaviour is the result of asymmetric information between the principal and agent. This article gives a formal account of this relation by a signalling...
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This paper shows how travellers that are faced with a series of risky choices become behaviourally inert due to a combination of risk aversion and learning. Our theoretical analyses complement other studies that conceive inertia as resulting from the wish to save cognitive resources. We first...
Persistent link: https://www.econbiz.de/10013115569
This paper develops new directions on how individuals' use of multiple goals can be incorporated in econometric models of individual decision making. We start by outlining key components of multiple, simultaneous goal pursuit and multi-stage choice. Since different goals are often only partially...
Persistent link: https://www.econbiz.de/10012958883
We introduce an extension of the discrete choice model to take into account individuals' mental representation of a choice problem. We argue that, especially in daily activity and travel choices, the activated needs of an individual have an influence on the benefits he or she pursues in the...
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With the rapid progress of automated driving technology, self-driving vehicles are on the horizon. In this study, we look at what is likely to be the first implementation of a form of automated driving on public roads, i.e., truck platooning, where virtually connected trucks drive at short...
Persistent link: https://www.econbiz.de/10013248318