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Incorporating Bounded Rationality in a Model of Endogenous Dynamics of Activity-Travel Behaviour

Bounded Rational Choice Behaviour: Applications in Transport

ISBN: 978-1-78441-072-8, eISBN: 978-1-78441-071-1

Publication date: 31 January 2015

Abstract

Originality and value

The model is unique in its kind. It is one of the first attempts to formulate a dynamic model of activity-travel behaviour, based on principle of bounded rationality, which includes both cognitive and affective mechanism of adaptation.

Keywords

Acknowledgements

Acknowledgements

This research received funding from the EU Research Council under the European Community’s 7th Framework Programme (FP7/2007–2013)/ERC grant agreement n° 230517 (U4IA project). The opinions in this publication represent those of the authors only. The ERC and European Community are not liable for any use of this information.

Citation

Psarra, I., Arentze, T. and Timmermans, H. (2015), "Incorporating Bounded Rationality in a Model of Endogenous Dynamics of Activity-Travel Behaviour", Rasouli, S. and Timmermans, H. (Ed.) Bounded Rational Choice Behaviour: Applications in Transport, Emerald Group Publishing Limited, Bingley, pp. 189-212. https://doi.org/10.1108/978-1-78441-072-820151011

Publisher

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Emerald Group Publishing Limited

Copyright © 2015 Emerald Group Publishing Limited