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The value of time in a repeated and one-off setup
Research in Transportation Economics ( IF 2.904 ) Pub Date : 2024-01-17 , DOI: 10.1016/j.retrec.2024.101408
Renata Kosíková , Ondřej Krčál , Stefanie Peer

Some recent studies have highlighted the importance of considering the temporal context as a potential factor influencing time valuation estimates. However, in studies that compare shorter and longer-run choice settings, various elements tend to differ between the two settings, rendering it difficult to infer what drives short- and long-run estimates apart. This paper focuses on the comparison between time valuations associated with one-off vs. repeated events. We present the results of a lab experiment on the valuation of waiting time, which has been carefully designed such that the only element varying between the two treatments is whether the choice has a repetitive character or concerns a one-off event. We find no significant differences between the two treatments, and hence can conclude that the repetitive character of a choice situation is unlikely to drive differences between short- and long-run estimates, at least if the concerned travel or waiting times are relatively short (¡10 min).



中文翻译:

重复和一次性设置中的时间价值

最近的一些研究强调了将时间背景视为影响时间估值估计的潜在因素的重要性。然而,在比较短期和长期选择设置的研究中,两种设置之间的各种因素往往有所不同,因此很难推断是什么导致短期和长期估计不同。本文重点讨论与一次性事件和重复事件相关的时间估值之间的比较。我们展示了一项关于等待时间评估的实验室实验的结果,该实验经过精心设计,两种处理之间唯一不同的因素是选择是否具有重复性或涉及一次性事件。我们发现两种处理方法之间没有显着差异,因此可以得出结论,选择情况的重复特征不太可能导致短期和长期估计之间的差异,至少在相关旅行或等待时间相对较短的情况下(¡ 10 分钟)。

更新日期:2024-01-21
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