Using decision field theory models in transport modelling: how far have we got and what can we do next?
- Date: Wednesday 5 December 2018, 14:00 – 15:00
- Location: Institute for Transport Studies - 1.11
- Type: Seminars, Transport
- Cost: Free
Institute for Transport Studies research seminar with speaker Thomas Hancock, University of Leeds.
Decision field theory (DFT), although popular in mathematical psychology, has only recently made the transition to choice modelling for consumer choices. One of the key differences that DFT has from standard choice models is that it has preference values for each alternative that update over time. This results in a different probability of picking each alternative depending on how long a decision-maker considers their alternatives.
Theoretically, this provides a perfect model for explaining and modelling decisions where attributes of possible alternatives change (i.e, gap sizes in lane changing and gap acceptance choices). However, computational complexities of calculating the probability of alternatives in DFT models have resulted in simplifications. Typically, the number of deliberation timesteps has been set to a high value and thus the stochastic process is averaged out. This consequently ignores and fails to utilise the dynamic nature of DFT.
This talk discusses the steps towards building a dynamic DFT. First, we demonstrate that DFT can be used effectively to model choices from typical SP and RP transport choice datasets. Second, we consider how the number of deliberation timesteps in a DFT model can be estimated as a function of choice response time. Finally, we discuss the remaining steps required to make DFT a properly dynamic model that can incorporate dynamic data.
Bio: Thomas Hancock is a PhD student at the Institute for Transport Studies, supervised by Prof. Stephane Hess and Dr. Charisma Choudhury. His main areas of interest are choice modelling, behavioural economics and mathematical psychology. His research involves bridging the gap between these disciplines and his work thus far has looked extensively into the use of Decision Field Theory in choice modelling.
Institute for Transport Studies Research Seminar Series: Our seminar series is for anyone interested in the latest transport research. Presented by members of the Institute and guest speakers, the programme is designed to stimulate cross-disciplinary conversations across a range of transport and mobility research areas. The short seminars will be followed by a discussion. The remainder of the session will be a chance to meet up and network. No booking required.