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Risk attitude reversals in drivers' route choice when range of travel time information is provided

Risk attitude reversals in drivers' route choice when range of travel time information is provided
Risk attitude reversals in drivers' route choice when range of travel time information is provided
Automobile drivers were recently found to be risk averse when choosing among routes that had an average travel time shorter than the certain travel time of a route considered as a reference. Conversely, drivers were found to be risk seeking when choosing among routes that had an average travel time longer than the certain travel time of the reference route. In a driving simulation study in which the reference route had a range of travel times, this pattern was replicated when the reference range was smaller than the ranges of the available routes. However, the pattern was reversed when the reference range was larger than the ranges of the available routes. We recently proposed a simple heuristic model that fit the relatively complex data quite well. Actual or potential applications of this research include the design of variable message signs and of route choice support systems.
0018-7208
466-473
Katsikopoulos, Konstantinos V.
b97c23d9-8b24-4225-8da4-be7ac2a14fba
Duse-Anthony, Yawa
497755ca-b02d-4aba-840c-2e84cff7d34b
Fisher, Donald L.
f85f209c-53cf-4515-988a-6ad5eb1a6476
Duffy, Susan A.
3a74112d-d45c-424c-a6d4-3bbc689dbd5d
Katsikopoulos, Konstantinos V.
b97c23d9-8b24-4225-8da4-be7ac2a14fba
Duse-Anthony, Yawa
497755ca-b02d-4aba-840c-2e84cff7d34b
Fisher, Donald L.
f85f209c-53cf-4515-988a-6ad5eb1a6476
Duffy, Susan A.
3a74112d-d45c-424c-a6d4-3bbc689dbd5d

Katsikopoulos, Konstantinos V., Duse-Anthony, Yawa, Fisher, Donald L. and Duffy, Susan A. (2002) Risk attitude reversals in drivers' route choice when range of travel time information is provided. Human Factors, 44 (3), 466-473. (doi:10.1518/0018720024497718).

Record type: Article

Abstract

Automobile drivers were recently found to be risk averse when choosing among routes that had an average travel time shorter than the certain travel time of a route considered as a reference. Conversely, drivers were found to be risk seeking when choosing among routes that had an average travel time longer than the certain travel time of the reference route. In a driving simulation study in which the reference route had a range of travel times, this pattern was replicated when the reference range was smaller than the ranges of the available routes. However, the pattern was reversed when the reference range was larger than the ranges of the available routes. We recently proposed a simple heuristic model that fit the relatively complex data quite well. Actual or potential applications of this research include the design of variable message signs and of route choice support systems.

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Published date: September 2002

Identifiers

Local EPrints ID: 415445
URI: http://eprints.soton.ac.uk/id/eprint/415445
ISSN: 0018-7208
PURE UUID: 0e67a593-0eb1-45f9-8018-8d66d14697ed
ORCID for Konstantinos V. Katsikopoulos: ORCID iD orcid.org/0000-0002-9572-1980

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Date deposited: 10 Nov 2017 17:30
Last modified: 16 Mar 2024 04:27

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Contributors

Author: Yawa Duse-Anthony
Author: Donald L. Fisher
Author: Susan A. Duffy

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