research report

Considering Risk-Taking Behavior in Travel Time Reliability

Publication Date

September 6, 2005

Author(s)

Will Recker, Younshik Chung, Ji Young Park, Lesley Wang, Anthony Chen, Zhaowang Ji, Henry Liu, Matthew Horrocks, Jun-Seok Oh

Abstract

Travel time variability is increasingly being recognized as a major factor influencing travel decisions and, consequently, as an important performance measure in transportation management. In this research project, we examine a number of questions related to travel time variability: How should travel time variability be quantified at both the section level as well as at the route level?; How do travelers value travel time and its reliability?; How much does the travel time reliability contribute to travelers’ route choices?; How much variation is there in travelers’ preferences regarding the potential tradeoff between reliability and travel time itself?; How can travel time variability be incorporated into the route choice models for transportation planning purposes?; and, How can the effects of travel time reliability be incorporated in considering risk-taking behavior in route choice models? Answering these questions can help in the design and evaluation of transportation planning and managing strategies.

Suggested Citation
Will Recker, Younshik Chung, Jiyoung Park, Lesley Wang, Anthony Chen, Zhaowang Ji, Henry Liu, Matthew Horrocks and Jun-Seok Oh (2005) Considering Risk-Taking Behavior in Travel Time Reliability. Final Report UCB-ITS-PRR-2005-3. Institute of Transportation Studies, Irvine. Available at: https://escholarship.org/uc/item/59v844cr.