Browsing ITLS Working Papers 2011 by subject "Risk attitude; commuter car travel; willingness to pay; travel time variability; non-linear scheduling model; mixed multinomial logit; departure time"
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Embedding risk attitudes in a scheduling model: Application to the study of commuting departure time
Published 2011-01-01Traditionally, the value of travel time savings (VTTS) and the value of reliability (or reduced variability) are estimated within a linear utility functional form, which assumes risk-neutral attitudes for decision makers. ...Working Paper