Opportunity Costs

Over the weekend, Steve Waldman tweeted at me:

iphones & public transit: i’ve found smartphones increase the opportunity cost of driving, tilt toward public trans. just me?

Smart, internet connected devices of all sorts have significantly reduced the pain of what were previously dead times — sitting on the train, waiting in the airport terminal, standing in line at the customer service counter, waiting to be called back for your doctor’s appointment (and then waiting for the doctor), and so on. But sitting behind the wheel of a car is not a dead time, however much it might feel like one. You’re constantly assessing road conditions, the behavior of the cars around you, and the behavior of your own car, while you use arms and legs to operate the vehicle. This is why it’s so dangerous to do other stuff while driving; you’re actually very busy.

And so the relative cost of time in transit across modes is almost certainly shifting, as devices become better and faster, and as online activity becomes richer and more flexible. It’s funny; improved technology has been lauded as a way to allow workers to do more from home — to reduce the need to commute. But this is a countervailing effect — reducing the cost of a commute, at least when one isn’t operating the vehicle.

I suspect that better mobile devices will also be a boon for the push to allow autonomous vehicles. People will want them more, and as the temptation of things like the iPad increases, it will become clear that human drivers are obviously a greater danger to each other than are self-navigating cars.

Comments

  1. digamma says:

    I agree, although I do think that the iPod has made car travel a lot more pleasant too. You can listen to your favorite podcast rather than whatever happens to be on at the moment. Or you can get a deeper appreciation for albums you might otherwise never play.

  2. Hoo says:

    I’ve always preferred mass transit for providing the opportunity and time to read books. Driving is a really boring activity.

  3. Leisle says:

    Wasting time is enough of an opportunity cost for me to prefer car over bus. On a Sunday, I have to walk for 20 minutes. Wait for the bus for another 15 minutes, am on the bus for about 10-12 minutes. Waiting about 3-5 minute for the train.
    And am on the actual train for only 4-6 minutes.

    Not much can be done in all that time.

    With a car, the trip only takes 15 minutes total. Instead of getting up at 11:45 and arriving at the destination at 12:45, I can sleep in til 1:30 and be at work at 1:45 for my 2:00 pm shift.

    The public transportation system would get me late if I missed the 12:21 bus.

    My experience is the main reason many will never give up their cars. Money vs. Time in the case of buses, time will always win.