Abstract
To better understand individuals’ decision behavior, bounded rational decision models are getting increasingly more attention. This paper reviews relative utility and random regret models, which both assert that the performance of the considered alternative is dependent on the attributes of one or more foregone alternatives in the choice set. This property of the models is called context dependency. Differences and similarities between the models are outlined, new developments and applications are presented and finally future improvements are discussed.
Original language | English |
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Title of host publication | 13th International Conference on Design and Decision Support Systems in Architecture and Urban Planning |
Editors | Harry Timmermans |
Number of pages | 10 |
Publication status | Published - 2016 |
Event | 13th International Conference on Design and Decision Support Systems in Architecture and Urban Planning, DDSS 2016 - PSV Stadion, Eindhoven, Netherlands Duration: 27 Jun 2016 → 28 Jun 2016 Conference number: 13 http://2016.ddss.nl/ |
Conference
Conference | 13th International Conference on Design and Decision Support Systems in Architecture and Urban Planning, DDSS 2016 |
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Abbreviated title | DDSS 2016 |
Country/Territory | Netherlands |
City | Eindhoven |
Period | 27/06/16 → 28/06/16 |
Internet address |