“Britain has the highest rail fares in Europe." Or Does It?

Following all the brouhaha about Britain’s rail fares being Europe’s most expensive , here’s a fascinating post by The Man in Seat 61, Mark Smith, who’s the go-to guy for information about European rail journeys. Warning: contains surprising conclusions. Helpful hint: behavioural economics can help explain why we so often get it wrong on things like prices. (see post of 17th August 2012).