IDEAS home Printed from https://ideas.repec.org/a/kap/transp/v49y2022i4d10.1007_s11116-021-10206-3.html
   My bibliography  Save this article

Travellers’ perceptions of travel time reliability in the presence of rare events

Author

Listed:
  • Emily K. M. Moylan

    (University of Sydney)

  • Michiel C. J. Bliemer

    (University of Sydney)

  • Taha Hossein Rashidi

    (UNSW Sydney)

Abstract

Travellers account for variability in transport system performance when they make choices about routes, modes and destinations. Modellers try to quantify travel time reliability through various dispersion measures, most commonly the standard deviation of travel time. However, standard deviation is only one attribute of the nuanced travel time distribution. This paper considers whether standard deviation is sufficient to describe the travellers’ understanding and value of travel time reliability and how we might include other aspects of variability such as the frequency of exceeding a lateness threshold or the likelihood of rare events. Car drivers in New South Wales, Australia, were asked to reconstruct the distribution of their commuting time and identify a lateness threshold. Further, we asked them about their preferences in a series of stated choice experiments using three representations of travel time reliability pivoted around their regular commute. The results show reliability ratios consistent with those in the literature for all three presentations. Moreover, the standard error of the estimated coefficient on the risk of rare events indicates that standard deviation alone may not sufficiently capture travellers’ preferences towards travel time reliability.

Suggested Citation

  • Emily K. M. Moylan & Michiel C. J. Bliemer & Taha Hossein Rashidi, 2022. "Travellers’ perceptions of travel time reliability in the presence of rare events," Transportation, Springer, vol. 49(4), pages 1157-1181, August.
  • Handle: RePEc:kap:transp:v:49:y:2022:i:4:d:10.1007_s11116-021-10206-3
    DOI: 10.1007/s11116-021-10206-3
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11116-021-10206-3
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1007/s11116-021-10206-3?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Beaud, Mickael & Blayac, Thierry & Stéphan, Maïté, 2016. "The impact of travel time variability and travelers’ risk attitudes on the values of time and reliability," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 207-224.
    2. Bliemer, Michiel C.J. & Rose, John M. & Chorus, Caspar G., 2017. "Detecting dominance in stated choice data and accounting for dominance-based scale differences in logit models," Transportation Research Part B: Methodological, Elsevier, vol. 102(C), pages 83-104.
    3. Li, Zheng & Hensher, David A. & Rose, John M., 2010. "Willingness to pay for travel time reliability in passenger transport: A review and some new empirical evidence," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(3), pages 384-403, May.
    4. Beaud, Mickael & Blayac, Thierry & Stéphan, Maïté, 2016. "The impact of travel time variability and travelers’ risk attitudes on the values of time and reliability," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 207-224.
    5. André Palma & Mohammed Abdellaoui & Giuseppe Attanasi & Moshe Ben-Akiva & Ido Erev & Helga Fehr-Duda & Dennis Fok & Craig Fox & Ralph Hertwig & Nathalie Picard & Peter Wakker & Joan Walker & Martin We, 2014. "Beware of black swans: Taking stock of the description–experience gap in decision under uncertainty," Marketing Letters, Springer, vol. 25(3), pages 269-280, September.
    6. Wijayaratna, Kasun P. & Dixit, Vinayak V., 2016. "Impact of information on risk attitudes: Implications on valuation of reliability and information," Journal of choice modelling, Elsevier, vol. 20(C), pages 16-34.
    7. de Jong, Gerard C. & Bliemer, Michiel C.J., 2015. "On including travel time reliability of road traffic in appraisal," Transportation Research Part A: Policy and Practice, Elsevier, vol. 73(C), pages 80-95.
    8. Kouwenhoven, Marco & de Jong, Gerard C. & Koster, Paul & van den Berg, Vincent A.C. & Verhoef, Erik T. & Bates, John & Warffemius, Pim M.J., 2014. "New values of time and reliability in passenger transport in The Netherlands," Research in Transportation Economics, Elsevier, vol. 47(C), pages 37-49.
    9. van Lint, J.W.C. & van Zuylen, Henk J. & Tu, H., 2008. "Travel time unreliability on freeways: Why measures based on variance tell only half the story," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 258-277, January.
    10. Robert B. Barsky & F. Thomas Juster & Miles S. Kimball & Matthew D. Shapiro, 1997. "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 537-579.
    11. Wardman, Mark, 2004. "Public transport values of time," Transport Policy, Elsevier, vol. 11(4), pages 363-377, October.
    12. Zhang, Wei & Jenelius, Erik & Ma, Xiaoliang, 2017. "Freight transport platoon coordination and departure time scheduling under travel time uncertainty," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 98(C), pages 1-23.
    13. Zhu, Zheng & Mardan, Atabak & Zhu, Shanjiang & Yang, Hai, 2021. "Capturing the interaction between travel time reliability and route choice behavior based on the generalized Bayesian traffic model," Transportation Research Part B: Methodological, Elsevier, vol. 143(C), pages 48-64.
    14. Takanori Ida & Rei Goto, 2009. "Simultaneous Measurement Of Time And Risk Preferences: Stated Preference Discrete Choice Modeling Analysis Depending On Smoking Behavior," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(4), pages 1169-1182, November.
    15. Esther Bekker-Grob & John Rose & Michiel Bliemer, 2013. "A Closer Look at Decision and Analyst Error by Including Nonlinearities in Discrete Choice Models: Implications on Willingness-to-Pay Estimates Derived from Discrete Choice Data in Healthcare," PharmacoEconomics, Springer, vol. 31(12), pages 1169-1183, December.
    16. Asensio, Javier & Matas, Anna, 2008. "Commuters' valuation of travel time variability," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 44(6), pages 1074-1085, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zhaoqi Zang & Richard Batley & Xiangdong Xu & David Z. W. Wang, 2022. "On the value of distribution tail in the valuation of travel time variability," Papers 2207.06293, arXiv.org, revised Dec 2023.
    2. Zhaoqi Zang & Xiangdong Xu & Kai Qu & Ruiya Chen & Anthony Chen, 2022. "Travel time reliability in transportation networks: A review of methodological developments," Papers 2206.12696, arXiv.org, revised Jul 2022.
    3. Fu, Jianhua & Zhang, Yongqing, 2020. "Valuation of travel time reliability: Considering the traveler's adaptive expectation with an indifference band on daily trip duration," Transportation Research Part A: Policy and Practice, Elsevier, vol. 140(C), pages 337-353.
    4. Yu, Xiaojuan & van den Berg, Vincent A.C. & Li, Zhi-Chun, 2023. "Congestion pricing and information provision under uncertainty: Responsive versus habitual pricing," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 175(C).
    5. Li, Baibing, 2019. "Measuring travel time reliability and risk: A nonparametric approach," Transportation Research Part B: Methodological, Elsevier, vol. 130(C), pages 152-171.
    6. Carrion, Carlos & Levinson, David, 2012. "Value of travel time reliability: A review of current evidence," Transportation Research Part A: Policy and Practice, Elsevier, vol. 46(4), pages 720-741.
    7. Dixit, Vinayak V. & Harb, Rami C. & Martínez-Correa, Jimmy & Rutström, Elisabet E., 2015. "Measuring risk aversion to guide transportation policy: Contexts, incentives, and respondents," Transportation Research Part A: Policy and Practice, Elsevier, vol. 80(C), pages 15-34.
    8. Xiao, Yu & Coulombel, Nicolas & Palma, André de, 2017. "The valuation of travel time reliability: does congestion matter?," Transportation Research Part B: Methodological, Elsevier, vol. 97(C), pages 113-141.
    9. Li, Zheng, 2018. "Unobserved and observed heterogeneity in risk attitudes: Implications for valuing travel time savings and travel time variability," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 112(C), pages 12-18.
    10. Beaud, Mickael & Blayac, Thierry & Stéphan, Maïté, 2016. "The impact of travel time variability and travelers’ risk attitudes on the values of time and reliability," Transportation Research Part B: Methodological, Elsevier, vol. 93(PA), pages 207-224.
    11. Blayac, Thierry & Stéphan, Maïté, 2021. "Are retrospective rail punctuality indicators useful? Evidence from users perceptions," Transportation Research Part A: Policy and Practice, Elsevier, vol. 146(C), pages 193-213.
    12. Feriél Adjeroud & Thierry Blayac, 2018. "Bus and carpooling travel time perceptions by users: what about the values of travel time for long-distance trips in France? [Perception du temps de transport par les usagers de l’autocar et du cov," Post-Print hal-02099824, HAL.
    13. Li, Zheng & Hensher, David A. & Rose, John M., 2010. "Willingness to pay for travel time reliability in passenger transport: A review and some new empirical evidence," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 46(3), pages 384-403, May.
    14. Jie Liu & Paul Schonfeld & Jinqu Chen & Yong Yin & Qiyuan Peng, 2021. "Perceived Trip Time Reliability and Its Cost in a Rail Transit Network," Sustainability, MDPI, vol. 13(13), pages 1-22, July.
    15. Zang, Zhaoqi & Xu, Xiangdong & Yang, Chao & Chen, Anthony, 2018. "A closed-form estimation of the travel time percentile function for characterizing travel time reliability," Transportation Research Part B: Methodological, Elsevier, vol. 118(C), pages 228-247.
    16. Li, Zheng & Hensher, David A. & Rose, John M., 2013. "Accommodating perceptual conditioning in the valuation of expected travel time savings for cars and public transport," Research in Transportation Economics, Elsevier, vol. 39(1), pages 270-276.
    17. Merkert, Rico & Beck, Matthew, 2017. "Value of travel time savings and willingness to pay for regional aviation," Transportation Research Part A: Policy and Practice, Elsevier, vol. 96(C), pages 29-42.
    18. Ida, Takanori & Goto, Rei & Takahashi, Yuko & Nishimura, Shuzo, 2011. "Can economic-psychological parameters predict successful smoking cessation?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(3), pages 285-295, May.
    19. Hossan, Md Sakoat & Asgari, Hamidreza & Jin, Xia, 2016. "Investigating preference heterogeneity in Value of Time (VOT) and Value of Reliability (VOR) estimation for managed lanes," Transportation Research Part A: Policy and Practice, Elsevier, vol. 94(C), pages 638-649.
    20. Breitkopf, Laura & Chowdhury, Shyamal K. & Priyam, Shambhavi & Schildberg-Hörisch, Hannah & Sutter, Matthias, 2020. "Do economic preferences of children predict behavior?," DICE Discussion Papers 342, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:kap:transp:v:49:y:2022:i:4:d:10.1007_s11116-021-10206-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.