Abstract
In a natural experiment, college students riding public transit to UCLA were presented with the opportunity to pay for time savings. They could pay 75t: to travel right away, or wait an average of 5.3 minutes for a free ride. Eighty~six percent of riders chose to wait rather than pay. Their behavior suggests that the dis utility of time spent waiting for a free ride is Jess than $8.50 per hour. Riders overestimated their wait time by a factor of two when it was imposed by the transit system, but accurately estimated their wait time when they chose to wait for the free bus ride.
DOI
http://doi.org/10.5038/2375-0901.7.4.4
Recommended Citation
Hess, Daniel B., et al.
2004.
Waiting for the Bus.
Journal of Public Transportation, 7 (4): 67-84.
DOI: http://doi.org/10.5038/2375-0901.7.4.4
Available at:
https://digitalcommons.usf.edu/jpt/vol7/iss4/4
