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Route Choice behavior with risk averse users

Author

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  • André de Palma
  • Nathalie Picard

    (Université de Cergy-Pontoise, THEMA)

Abstract

This important new book provides a valuable set of studies on spatial dynamics, emerging networks and modelling efforts. It employs interdisciplinary concepts alongside innovative trajectories to highlight recent advances in analysing and modelling the spatial economy, transport networks, industrial dynamics and regional systems. It is argued that modelling network processes at different spatial scales provides critical information for the design of plans and policies. Furthermore, a key issue in the current complex and heterogeneous landscape is the adoption and validation of new approaches, models and methodologies, which are able to grasp the emergent aspects of economic uncertainty and discontinuity, as well as overcome the current difficulties of carrying out appropriate forecasts. In exploring diverse pathways for theoretical, methodological and empirical analysis, this exciting volume offers promising and evolutionary perspectives on the modern spatial network society.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • André de Palma & Nathalie Picard, 2004. "Route Choice behavior with risk averse users," THEMA Working Papers 2004-09, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    • Handle: RePEc:ema:worpap:2004-09
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    File URL: http://www.u-cergy.fr/IMG/documents//2004-09DePalma.pdf
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    References listed on IDEAS

    as
    1. Joop Hartog & Ada Ferrer-i-Carbonell & Nicole Jonker, 2000. "On a Simple Survey Measure of Individual Risk Aversion," Tinbergen Institute Discussion Papers 00-074/3, Tinbergen Institute.
    2. Noland, Robert B. & Small, Kenneth A. & Koskenoja, Pia Maria & Chu, Xuehao, 1998. "Simulating travel reliability," Regional Science and Urban Economics, Elsevier, vol. 28(5), pages 535-564, September.
    3. Goeree, Jacob K. & Holt, Charles A. & Palfrey, Thomas R., 2003. "Risk averse behavior in generalized matching pennies games," Games and Economic Behavior, Elsevier, vol. 45(1), pages 97-113, October.
    4. Machina, Mark J, 1987. "Choice under Uncertainty: Problems Solved and Unsolved," Journal of Economic Perspectives, American Economic Association, vol. 1(1), pages 121-154, Summer.
    5. Daniel McFadden, 2001. "Economic Choices," American Economic Review, American Economic Association, vol. 91(3), pages 351-378, June.
    6. Machina, Mark J & Pratt, John W, 1997. "Increasing Risk: Some Direct Constructions," Journal of Risk and Uncertainty, Springer, vol. 14(2), pages 103-127, March.
    7. Christian Gollier, 2004. "The Economics of Risk and Time," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262572249, April.
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    Cited by:

    1. Jean-Philippe Chancelier & Michel De Lara & André de Palma, 2007. "Risk Aversion, Road Choice, and the One-Armed Bandit Problem," Transportation Science, INFORMS, vol. 41(1), pages 1-14, February.
    2. Shanjiang Zhu & David Levinson, 2011. "A Portfolio Theory of Route Choice," Working Papers 000096, University of Minnesota: Nexus Research Group.
    3. André de Palma & Nathalie Picard, 2006. "Equilibria and Information Provision in Risky Networks with Risk-Averse Drivers," Transportation Science, INFORMS, vol. 40(4), pages 393-408, November.
    4. de Palma, André & Picard, Nathalie, 2005. "Route choice decision under travel time uncertainty," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(4), pages 295-324, May.
    5. André De Palma & Nathalie Picard, 2005. "Congestion on risky routes with risk adverse drivers," ERSA conference papers ersa05p423, European Regional Science Association.

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