The dominant method for measuring values of travel time savings (VOT), and values of travel time reliability (VOR) is discrete choice modeling. Generally, the data sources for these models are: stated choice experiments, and revealed preference observations. There are few studies using revealed...

After decades of study, the value of travel time remains incompletely understood and ripe for further theoretical and empirical investigation. Research has revealed many regularities and connections between willingness to pay for time savings and other economic factors including time of day...

Within the broad area of probabilistic modelling of individual discrete choice, we develop three strands of discussion. First, we outline a theoretical framework for the modelling of individual discrete choice under risk, distinguishing between three specific sources of randomness; in preference...