I guess the question is “how much of people choosing one mode of transit over another is caused by innumeracy?” Planes are several times less risky than cars, but planes are also highly, highly regulated. If you took those regulations away, let anybody who wants to build and fly a plane, and then completely remove the TSA prechecks, you lower the cost of the planes, lower the non-travel time commitment, and presumably raise the risk of flying.
But would it beat a car? Would they reach equilibrium?
I guess the question is “how much of people choosing one mode of transit over another is caused by innumeracy?” Planes are several times less risky than cars, but planes are also highly, highly regulated. If you took those regulations away, let anybody who wants to build and fly a plane, and then completely remove the TSA prechecks, you lower the cost of the planes, lower the non-travel time commitment, and presumably raise the risk of flying.
But would it beat a car? Would they reach equilibrium?