Path Choice Behavior in Peak Travel Periods Based on the Prospect Theory

In order to study commuters' dynamic travel behavior in the peak travel period, the prospect theory is used to analyze the path choice process of commuters. This paper divides the peak travel period into several parts, using commuters' travelling time as a reference point and establishes the value function. The value of routes' prospect and the LOGIT model are used to compute the route choice probability. Finally, an example combined with the algorithm is adopted to make a comment on the model.