83. Time-saving Bias

People tend to underestimate or overestimate the time that could be saved or lost, when increasing or decreasing the travelling speed. There is a non-linear dependency, so it may be hard to grasp intuitively.

Additional information:
E Peer, “Speeding and the time-saving bias: How drivers’ estimations of time saved in higher speed affects their choice of speed” - Accident Analysis & Prevention, 2010.