The time saving bias and related human judgmental shortcomings
2011 (English)In: Perspectives on thinking, judging and decision making / [ed] W. Brun,, G. Keren, G. Kirkeböen, & H. Montgomery, Oslo: Universitetsforlaget, 2011, 120-132 p.Chapter in book (Other academic)
In general, people tend to overestimate the time that can be saved by speeding up from a high speed and underestimate the time that can be saved by increasing a slow speed. This was called the time-saving bias by Svenson (2008). The bias was first found in a car driving context. However, corresponding biases can be found in solutions of other problems with the same normative mathematical function but in different contexts, such as, fuel saving, resource saving, health care and industrial planning decisions. In the traffic domain, the time saving bias can be linked to judgments of other variables related to driving speed and to speed perception. To exemplify, biases in speed and average speed judgments can be predicted by inferences from the time-saving bias. The chapter ends with a brief discussion of the applied applications of this research and possible psychological processes generating the the time-saving bias.
Place, publisher, year, edition, pages
Oslo: Universitetsforlaget, 2011. 120-132 p.
IdentifiersURN: urn:nbn:se:su:diva-77352ISBN: 9788215018782OAI: oai:DiVA.org:su-77352DiVA: diva2:531921