Students and retired people travel by bus more often than business executives. An economic explanation for this observation would be that?

Sagot :

Students and elderly individuals typically have more time, thus using the slower bus instead of a quicker, more expensive choice transportation method doesn't really cost them more.

Why business executives travel by own commute?

Some reasons that business executives prefer their own commute rather than travelling through bus are-

  • Since the company provided employees with free parking places (the actual cost of which will be extremely expensive a year), employees were not responsible for the whole financial burden of car commuting, nor were they responsible for environmental costs from driving. If workers had to pay the entire price of their commute selections, the nudges we used might have had better results.
  • While using public transportation or a carpool can be advantageous to society, they are frequently less convenient for one passenger. Because it takes time to set up carpools and public transportation, people may take longer to adopt more environmentally friendly commuting.
  • These strategies called for altering a regular behavior, which is famously challenging to alter. Nudging is particularly helpful at modifying one-time behaviors, like being vaccinated against the flu, but it hasn't yet been demonstrated to be as consistently effective at altering choices that call for regular actions, like exercising.

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