Mensural notation recoverable from the modern text. While 19th and early 20th century editions of Renaissance music often preserved the large note values of the originals, including breves and longs, most modern editions will use scaled-down note values in order to match modern reading habits regarding tempo and beat structure. For 16th century music, a frequent scheme is diminution by a factor of 2 (i.e., rendering semibreves as modern minims), in a modern "alla breve" bar. Older music might be diminished by a factor of 4 (rendering semibreves as crotchets) or sometimes 8 (rendering breves as crotchets). For 13th-century pieces, diminution by
Value of time can be examined. For example, if a traveler has a choice between a coach which takes six hours and costs £10, or a train which takes four hours and costs £30, we can deduce that if the traveler chooses the train, their value of time is £10 per hour or more (because they are willing to spend "at least" £20 to save two hours' travel time). The difficulty in narrowing down the "actual" value of time from a pair of choices means that hypothetical situations are generally used (the stated preference technique) to deduce values of time. The value of