This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and … values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to … being in the one location, over being elsewhere. It is shown how theconventional linear model, with time-independent values …

be predicted, based on travel time data from Dutch highways. The paper uses two different concepts of travel time … that, for a given road link and given time of the day, the expected travel time is constant across all working days (rough … or weekdays (fine information: FI). For both definitions of variability, we find that the mean travel time is a good …

Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our …

weighted temporal utility function can have time consistent yet non-stationary preferences or stationary yet time inconsistent … intertemporal choice that assume non-linear time perception to be the sole driver of non-stationary and time-inconsistent behavior …