Prof Vinayak V. Dixit

School of Civil Engineering, UNSW Australia

July 22, 2014, 11:15, Room GC C2 413 (click here for the map)

Risk in Transport Through The Lenses of Experimental Economics

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

Bio

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´┐Ż choices in response to these risks, and how these interactions impact traffic safety, emergency management and traffic congestion.