IDEAS home Printed from https://ideas.repec.org/a/eee/transb/v189y2024ics0191261524001176.html
   My bibliography  Save this article

A generalized rationally inattentive route choice model with non-uniform marginal information costs

Author

Listed:
  • Zhou, Bo
  • Liu, Ronghui

Abstract

Information consumes attention. In the information-rich society, a wealth of information can support decision-making, but it can also create poverty of attention to and inability to make the best use of information. This study applies the theory of rational inattention in modelling traveller’s route choice behaviour, where the attention (costs) to information is non-uniform. We establish the mathematical formulation of a generalized rationally inattentive route choice model with non-uniform marginal information costs, and prove that the optimal conditional route choice probabilities for all the routes always locate within the interior of the feasible region of the route choice model. Based on this property, we analytically characterize the closed-form expression of the optimal conditional choice probabilities, and devise an efficient iterative solution algorithm to compute them. Finally, two numerical examples are conducted to demonstrate the theoretical properties of the rationally inattentive route choice behaviour. This behavioural modelling approach provides an insight on how the rationally inattentive travellers spontaneously learn the optimal route choice from the acquired information.

Suggested Citation

  • Zhou, Bo & Liu, Ronghui, 2024. "A generalized rationally inattentive route choice model with non-uniform marginal information costs," Transportation Research Part B: Methodological, Elsevier, vol. 189(C).
  • Handle: RePEc:eee:transb:v:189:y:2024:i:c:s0191261524001176
    DOI: 10.1016/j.trb.2024.102993
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0191261524001176
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.trb.2024.102993?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transb:v:189:y:2024:i:c:s0191261524001176. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/548/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.