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Title:

Bounded Rationality and Transportation Behavior: Lessons for Public Policy

Accession Number:

01046135

Record Type:

Component

Availability:

Transportation Research Board Business Office

500 Fifth Street, NW
Washington, DC 20001 United States

Abstract:

This paper examines bounded rationality and non-rational travel behavior and their implications for transportation policy. Its primary aim is to assess how well policy and planning models address such behavior and whether such behavior matters in a public policy sense. The paper concludes that it is necessary to incorporate bounded rationality more extensively in travel demand modeling, especially at small-scale levels. This could help understanding patterns that do not usually correspond to the utility maximization paradigm.

Monograph Accession #:

01042056

Report/Paper Numbers:

07-2451

Language:

English

Corporate Authors:

Transportation Research Board

500 Fifth Street, NW
Washington, DC 20001 United States

Authors:

Gifford, Jonathan L
Checherita, Cristina

Pagination:

16p

Publication Date:

2007

Conference:

Transportation Research Board 86th Annual Meeting

Location: Washington DC, United States
Date: 2007-1-21 to 2007-1-25
Sponsors: Transportation Research Board

Media Type:

CD-ROM

Features:

References (34)

Subject Areas:

Economics; Highways; Planning and Forecasting; Policy; Public Transportation; I72: Traffic and Transport Planning

Source Data:

Transportation Research Board Annual Meeting 2007 Paper #07-2451

Files:

TRIS, TRB

Created Date:

Feb 8 2007 7:08PM