Zhou, B. and Liu, R. orcid.org/0000-0003-0627-3184 (2024) A Generalized Rationally Inattentive Route Choice Model with Non-uniform Marginal Information Costs. Transportation Research Part B: Methodological, 189. 102993. ISSN 0191-2615
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.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2024 The Author(s). Published by Elsevier Ltd. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/). |
Keywords: | Route choice, Rational inattention, Non-uniform marginal information costs, Closed-form expression |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Spatial Modelling and Dynamics (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 03 Jun 2024 09:31 |
Last Modified: | 11 Dec 2024 09:59 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.trb.2024.102993 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:213021 |