Another way of looking at it:
With a heavier bike, you might go 12mph, so, for one hour, you've gone 12 miles at a certain level of perceived effort.
The next day, on a lighter ('easier') bike, you can go 15 mph, because it's lighter. So, for one hour, you've gone 15 mph, but it will be with the same level of perceived effort.



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They tell without a doubt, if you are really exerting the same. 