Open AccessReview of route choice based on prospect theory
Author(s) -
Guoling Lang
Publication year - 2020
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/545/1/012036
Subject(s) - prospect theory , cumulative prospect theory , bounded rationality , face (sociological concept) , management science , computer science , rationality , operations research , mathematical economics , economics , engineering , microeconomics , artificial intelligence , sociology , epistemology , social science , philosophy
In the face of the traffic system with uncertainty, people often take on the characteristics of the bounded rationality, there is a certain degree of uncertainty, the application of prospect theory has some applicability to the modeling of route choice decision behavior. This paper reviews the development course of prospect theory, then expounds the formula principle of prospect theory and the improved cumulative prospect theory, introduces the research status at home and abroad and makes a certain comb and summary.