Time, its perception, and its valuation are central to traveler decision-making. This presentation reports on a series of experiments and analyses to uncover how individual travelers value and perceive time under alternative conditions. Using data from stated preference studies, driving simulators, field experiments, and revealed choice monitored using GPS, we are able to ascertain differences in valuation of time and errors in the perception of travel time that affect behavior and may explain some of the difficulties in modeling human behavior and challenge underlying but unvalidated assumptions.
This was live last Friday (Feb 11, 2011), a replay will be available here soon.
The slides can be downloaded.