Risk Aversion, Road Choice, and the One-Armed Bandit Problem
Published Online:1 Feb 2007https://doi.org/10.1287/trsc.1060.0179
References
- Sensitivity to travel time variability: Travelers’ learning perspective. Transportation Res. Part C (2005) 13(2):157–183Crossref, Google Scholar
- Bandit Problems: Sequential Allocation of Experiments (1985) (Chapman and Hall)Crossref, Google Scholar
- Dynamic Programming and Optimal Control (2000) 1 and 22nd ed.(Athena Scientific, Belmont, MA) Google Scholar
- A day-to-day and within day dynamic stochastic assignment model. Transportation Sci. Part A (1991) 25:277–291Crossref, Google Scholar
- Risk aversion in one-armed bandit problems. (2006) . Technical report, École des ponts, Paris Tech, Paris, FranceGoogle Scholar
- Travel time reliability with risk-sensitive travelers. (2001) . Technical Report Paper UCI-ITS-TS-01-8, Center for Traffic Simulation StudiesGoogle Scholar
- Travel time perception and learning mechanisms in traffic networks. Transportation Res. Record (2004) 1894:209–221Crossref, Google Scholar
- Route choice decision and travel time uncertainty. Transportation Res. Part A (2005) 39(4):295–324Google Scholar
- Route choice behaviour with risk- averse users. Spatial Dynamics Networks and Modelling (2006) (Edward Elgar)139–179Google Scholar
- Diamond P., Rothschild M.Uncertainty in Economics (1978) (Academic Press, Orlando, FL) Google Scholar
- Bandit processes and dynamic allocation indices. J. Roy. Statist. Soc., Ser. B (1979) 41(2):148–177Google Scholar
- Multi-Armed Bandit Allocation Indices (1989) (Wiley, New York) Google Scholar
- The Economics of Risk and Time (2001) (MIT Press, Cambridge, MA) Crossref, Google Scholar
- How individuals learn to take turns: Emergence of alternating cooperation in a congestion game and the prisoner’s dilemma. Adv. Complex Systems (2005) 8:87–116Crossref, Google Scholar
- Schedule delay and departure time decisions in a deterministic model. Transportation Sci. (1981) 15:62–77Link, Google Scholar
- The stability of stochastic equilibrium in a two-link transportation network. Transportation Res. Part B (1984) 18(1):13–28Crossref, Google Scholar
- Prospect theory: An analysis of decision under risk. Econometrica (1979) 47:263–291Crossref, Google Scholar
- The value of advanced traveler information systems for route choice. Transportation Res. Part C (2003) 11:75–87Crossref, Google Scholar
- Dynamic stochastic dominance in bandit decision problems. Theory and Decision (1999) 47:267–295Crossref, Google Scholar
- Travel-time uncertainty, departure time choice, and the cost of morning commutes. Transportation Res. Record (1995) 1493:150–158Google Scholar
- Risk aversion in the small and in the large. Econometrica (1964) 32(1–2):61–75Google Scholar
- Learning in extensive-form games: Experimental data and simple dynamic models in the intermediate term. Games Econom. Behav. (1995) 8:164–212Crossref, Google Scholar
- The scheduling of consumer activities: Work trips. Amer. Econom. Rev. (1982) 72(3):467–479Google Scholar
- Analyzing heterogeneity and unobserved structural effects in route-switching behavior under ATIS: A dynamic kernel logit formulation. Transportation Res. Part B (2003) 37(9):793–814Crossref, Google Scholar
- Theory of Games and Economic Behaviour (1947) 2nd ed.(Princeton University Press, Princeton, NJ) Google Scholar
- Optimization Over Time: Dynamic Programming and Stochastic Control (1982) 1(John Wiley & Sons, New York) Google Scholar

