@techreport{11d0e9328c7c4187a8f3e620c6338c62,
title = "Travel time variability and rational inattention",
abstract = "This paper sets up a rational inattention model for the choice of departure time for a traveler facing random travel time. The traveler chooses how much information to acquire about the travel time out-come before choosing departure time. This reduces the cost of travel time variability compared to models in which the information is exogenously fixed.",
keywords = "Faculty of Social Sciences, rational inattention, random travel time variability, value of reliability, discrete choice, D1, D8, R4",
author = "Mogens Fosgerau and Gege Jiang",
year = "2017",
language = "English",
series = "University of Copenhagen. Institute of Economics. Discussion Papers (Online)",
number = "17-21",
type = "WorkingPaper",
}