Raoul wrote:
Richard J. wrote:

But I still feel that PAYG is a daft term for Oyster, since TfL want it
to be a replacement for cash fares which really are PAYG and don't have
a £3 initial charge.


Depends how much you value your time.

Anyone more senior than a kitchen cleaner will spend £3 of their time a
week queuing to buy cash singles.


Value of time is always a bit of a challenge. Using your hourly wage is
reasonable enough, although for most people that is really an average
and not a marginal value of time. It is quite possible that someone who
earns more than that would still be willing to spend the extra time to
save a few pounds - it really depends what else they would be doing with
the time.

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