Travel time variability and rational inattention
Research output: Working paper › Research
This paper sets up a rational inattention model for the choice of departure time for a traveler facing random travel time. The traveler chooses how much information to acquire about the travel time out-come before choosing departure time. This reduces the cost of travel time variability compared to models in which the information is exogenously fixed.
Original language | English |
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Number of pages | 25 |
Publication status | Published - 2017 |
Series | University of Copenhagen. Institute of Economics. Discussion Papers (Online) |
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Number | 17-21 |
ISSN | 1601-2461 |
- Faculty of Social Sciences - rational inattention, random travel time variability, value of reliability, discrete choice, D1, D8, R4
Research areas
ID: 190435380