Human Behavioral Models Using Utility Theory and Prospect Theory

Several examples of Cyber-physical human systems (CPHS) include real-time decisions from humans as a necessary building block for the successful performance of the overall system. Many of these decision-making problems necessitate an appropriate model of human behavior. Tools from Utility Theory have been used successfully in several problems in transportation for resource allocation and balance of supply and demand \citep{ben1985discrete}. More recently, Prospect Theory has been demonstrated as...