The time-saving bias: Judgements, cognition and perception
Journal Title: Judgment and Decision Making - Year 2013, Vol 8, Issue 4
Abstract
Biases in people’s judgments of time saved by increasing the speed of an activity have been studied mainly with hypothetical scenarios (Svenson, 2008). The present study asked whether the classic time-saving bias persists as a perceptual bias when we control the speed of an activity and assess the perceived time elapsed at different speeds. Specifically, we investigated the time-saving bias in a driving simulator. Each participant was asked to first drive a distance at a given speed and then drive the same distance again at the speed she or he judged necessary to gain exactly three minutes in travel time compared to the first trip. We found that that the time-saving bias applies to active driving and that it affects the choice of driving speed. The drivers’ time-saving judgements show that the perception of the time elapsed while driving does not eliminate the time-saving bias.
Authors and Affiliations
Gabriella Eriksson, Ola Svenson and Lars Eriksson
Keywords
Related Articles
- EP ID EP678085
- DOI -
- Views 129
- Downloads 0
“Am I going to be happy and financially stable?”: How American women feel when they think about financial security
Before the recent recession evoked general dismay and uncertainty, this study examined the relative contribution of income and the concern over financial security to life satisfaction. The degree to which such concerns p...
Susceptibility to anchoring effects: How openness-to-experience influences responses to anchoring cues
Previous research on anchoring has shown this heuristic to be a very robust psychological phenomenon ubiquitous across many domains of human judgment and decision-making. Despite the prevalence of anchoring effects, rese...
New paradoxes in intertemporal choice
Similar to research on risky choice, the traditional analysis of intertemporal choice takes the view that an individual behaves so as to maximize the discounted sum of all future utilities. The well-known Allais paradox...
An attempt to clarify the link between cognitive style and political ideology: A non-western replication and extension
Previous studies relating low-effort or intuitive thinking to political conservatism are limited to Western cultures. Using Turkish and predominantly Muslim samples, Study 1 found that analytic cognitive style (ACS) is n...
Professionally biased: Evidence for misestimations of driving speed, journey time and time-savings among taxi and car drivers
People make systematic and predictable mistakes regarding estimations of average speed and journey time. In addition, people have been shown to commit a time-saving bias by underestimating the time that can be saved when...