An analysis of Timmermans’ critique of Prospect Theory

In the European Journal of Transport and Infrastructure Research (EJTIR) Timmermans (2010) discussed the suitability of Prospect Theory for travel behaviour research. In that article appeared an assertion, about the explanatory performance of Prospect Theory with respect to choices in the TV game ‘Deal or no Deal’, which was not true. A thorough...

Timmermans’ Misleading Critique of Prospect Theory Actually Supports its Relevance for Travel Choice Modelling

For a special issue of this journal Timmermans (2010) was asked to make critical comments on the suitability of Prospect Theory for travel behaviour research. His article offers a comprehensive overview of all kinds of criticism that one might encounter in the social sciences. When browsing through it during the preparation of an article about...

Prospect Theory and Travel Behaviour: A Personal Reflection Based on a Seminar

This paper is the final paper of a special issue on Prospect Theory (PT) and its applications in travel behaviour research. It is largely (but not exclusively) based on discussions held during a seminar that took place on the 8th of October 2009. The paper presents some personal reflections based on the discussion subjects on the use of PT in...

Editorial: Recent Developments in Prospect Theory-based Travel Behaviour Research

Prospect theory, a descriptive approach of modelling individual choice making which has been applied in a range of contexts, has recently attracted the interest of transport academics and professionals and is seen by many as a promising framework for travel behaviour modelling. This special issue follows a seminar on prospect theory and its...