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The Impact of Travel Time Information on Travelers’ Learning under Uncertainty

  • Erel Avineri

    ()

  • Joseph Prashker

In this work, laboratory experiment was conducted in order to evaluate the effect of feedback on decision-making under uncertainty, with and without provided information about travel times. We discuss the prediction of travelers’ response to uncertainty in two route–choice situations. In the first situation travelers are faced with a route–choice problem in which travel times are uncertain but some external information about routes’ travel times is provided. The second situation takes place in a more uncertain environment in which external information about travel times is not provided, and the travelers’ only source of information is their own experience. Experimental results are in conflict with the paradigm about traveler information systems: As a consequence of information, the propensity of travelers to minimize expected travel time is not necessarily increased. Providing travelers with static information about expected travel times reveals an increase in the heterogeneity of travelers’ choices and reduces the maximization rate. Copyright Springer 2006

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File URL: http://hdl.handle.net/10.1007/s11116-005-5710-y
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Article provided by Springer in its journal Transportation.

Volume (Year): 33 (2006)
Issue (Month): 4 (07)
Pages: 393-408

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Handle: RePEc:kap:transp:v:33:y:2006:i:4:p:393-408
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  1. Supernak, Janusz, 1992. "Temporal utility profiles of activities and travel: Uncertainty and decision making," Transportation Research Part B: Methodological, Elsevier, vol. 26(1), pages 60-76, February.
  2. Lehrer, Ehud & Smorodinsky, Rann, 1997. "Repeated Large Games with Incomplete Information," Games and Economic Behavior, Elsevier, vol. 18(1), pages 116-134, January.
  3. Yaakov Kareev & Sharon Arnon & Reut Horwitz-Zeliger, 2002. "On the Misperception of Variability," Discussion Paper Series dp285, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
  4. Cheung, Yin-Wong & Friedman, Daniel, 1998. "A comparison of learning and replicator dynamics using experimental data," Journal of Economic Behavior & Organization, Elsevier, vol. 35(3), pages 263-280, April.
  5. Horowitz, Joel L., 1984. "The stability of stochastic equilibrium in a two-link transportation network," Transportation Research Part B: Methodological, Elsevier, vol. 18(1), pages 13-28, February.
  6. Iida, Yasunori & Akiyama, Takamasa & Uchida, Takashi, 1992. "Experimental analysis of dynamic route choice behavior," Transportation Research Part B: Methodological, Elsevier, vol. 26(1), pages 17-32, February.
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