Article:Hess, S orcid.org/0000-0002-3650-2518, Daly, A orcid.org/0000-0001-5319-2745, Dekker, T orcid.org/0000-0003-2313-8419 et al. (2 more authors) (2017) A framework for capturing heterogeneity, heteroskedasticity, non-linearity, reference dependence and design artefacts in value of time research. Transportation Research Part B: Methodological, 96.
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AbstractIn early 2014, the UK Department for Transport (DfT) commissioned the first national value of travel time (VTT) study since the mid-1990s. This paper presents the methodological work undertaken for this study, with important innovations along a number of dimensions, both in terms of survey design and modelling methodology. Our findings show a rich pattern of heterogeneity across the travelling public, in terms of an impact on the VTT by both person and trip characteristics, as well as a major role for a number of characteristics that relate to the specific choices faced in a hypothetical stated choice setting, including reference dependence and non-linearities in sensitivities. We also discuss how these behavioural values were translated into values for use in appraisal, and the challenges faced when doing this on the basis of results obtained with advanced models.1 The project was managed by ARUP, with ITS Leeds (in conjunction with John Bates) being responsible for the survey design, modelling work, and translation of modelled values into appraisal values. Data collection was carried out by Accent. Further information on the study as a whole can be found in the final report (Arup/ITS/Accent, 2015). 2 Other public transport encompassed tram, light rail and underground. 3 In order to mitigate order effects, SP1 (the easiest game) was presented initially, whilst the order of SP2 and SP3 was randomised.