Tuesday, August 25, 2009

[rscyachk] Car regret

How much of the lack of public support for public transit motivated not by car owners' rational thinking of not wanting to support (via taxes) a service they do not plan to use, but by a psychological desire to avoid regret for having purchased (sunk cost) a car?

Even if a car owner does not plan to ride public transit, he or she will still benefit from it. But reason cannot counteract base psychology.

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