Diverging effects of subjective prospect values of uncertain time and money

Studies from behavioral economics show that the subjective prospect value of money has diminishing sensitivity to losses/gains, represented by an S-shape, and this been applied in representing time many transportation studies such as travel behavior modeling network equilibrium. In study, we demonstrate increasing losses/gains can be ?-shape, which contrasts money. We further explain rationality surprising finding based on psychological theories discuss extensive practical implications. The correlations between sensitivities gains losses terms magnitude are revealed well shed light potential underlying correlated principles. Substantial loss-aversion features observed empirical analysis, supporting endowment effects. Implications findings decision-making other areas utilize a key indicator have discussed. may revolutionize research engineering.