I think we feel the pain of waiting for a subway, and think boy it would be so much easier to drive, but few people think while they're working an extra <period of time> a week to pay for their car+parking+insurance+maintenance+... boy would it be nice to not have to own a car.
Got a lot better from 90s thru about 2010 or so and has been reverting since. Remember the "Summer of Hell" in 2017 which just sort of slowly faded into the COVID transit issues and now we are here with budget shortfalls. Hard to see it getting materially better before it gets worse.
https://en.wikipedia.org/wiki/2017–2021_New_York_City_transi...
That is what the top level post was objecting too. If the theory relies on everyone being consistently wrong, then perhaps it isnt properly accounting to the benefits of cars and inconvenience of public transportation as it exists today.
I dont think anyone is challenging the idea that cars are expensive, or people would prefer something else, provided it is actually better.
A smart person may get frustrated when the subway is 5-10 minutes late every day and take a car instead. They have 5-10 minutes that they're dwelling almost exclusively on the lateness of the subway.
That same person may get frustrated when they work n+1 hours per week because they own a car, but will not associate that frustration + time loss with their mode of transportation because they're focusing on work for that hour instead of sitting at a subway station waiting for the train.
It's not that they're too stupid to address the trade off, they just aren't addressing the trade off because they're spending the time that they had been wasting waiting for the subway at work / driving, and don't have the time to reflect on the inconvenience compared to when waiting for the subway you're forced to dwell on the idea that you're waiting.
Seems pretty thin to me. I dont think people are so cognitively busy that they never have time to ponder things like the tradeoff.
My experience is people think about the tradeoff very often. When they are in traffic, when they paying for their car, changing those tires, ect.