Originally posted by: palswim
Originally posted by: dafatha00
What about taking into account the possibility of getting a speeding ticket?
What's the possibility of getting a speeding ticket?
Depends where you are, I guess. Here in San Diego, the officers won't bat an eye if you're going under 75 or 80 (on the 65 mph part of the freeway).
The point is if you're comparing the costs of speeding versus not-speeding, you need to factor in every possible variable to get an accurate assessment. For instance, if you take 400 30-mile trips at 80 mph and get even one $200 speeding ticket within those 400 trips, then you need to add in the expected probability costs of $.50 for each trip.