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We synthesize and discuss the available knowledge on the role of human cognition biases for sustainability and sustainable behavior. Human cognition biases are defined as any deviation in decision making from the standard framework of rational choice. We distinguish between biases in individual...
Persistent link: https://www.econbiz.de/10012853272
This paper argues for broadening the application of hysteresis to institutions, policy lockin, psychology, identity, and economic ideas. Hysteresis is an element of historical processes, and the real world is historical. That explains why hysteresis is pervasive and important. Hysteresis should...
Persistent link: https://www.econbiz.de/10014327384