Risk in Transport Through The Lenses of Experimental Economics

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Event details

Date 22.07.2014
Hour 11:1512:00
Speaker Prof. Vinayak V. Dixit. Vinayak is the Deputy Director of the Research Center for Integrated Transportation Innovation (rCITI) and a Senior Lecturer at the School of Civil Engineering, UNSW Australia. His key area of interest is in studying the risks in transport systems from the point of view of linking the physical risks from the point of view of traffic dynamics with peoples’ choices in response to these risks, and how these interactions impact traffic safety, emergency management and traffic congestion.
Location
Category Conferences - Seminars
Abstract Transport systems are inherently risky, ranging from risk in travel time to risk in crashing. This presentation provides an overview of my current work on the use of Experimental Economics in understanding behaviour with respect to interactions of risk attitudes and subjective beliefs on crash propensity, route choice and information, and finally evaluating policies in emergency management. Experimental economics has been used intermittently since the 1960s to conduct controlled experiments to evaluate policies, but recently has gained significant interest to test theories. The presentation will also present trends, strengths and pitfalls of these methods

Practical information

  • Informed public
  • Free
  • This event is internal

Organizer

  • Prof. Geroliminis, Prof. Bierlaire

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