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A green growth agenda requires policy makers, from local to supranational levels, to examine and influence behavior that impacts economic, social, and environmental outcomes on multiple scales. Behavioral and social change, in addition or conjunction with technological change, is thus a crucial...
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Although people are quite aware of global warming, their beliefs about it may be malleable; specifically, their beliefs may be constructed in response to questions about global warming. Beliefs may reflect irrelevant but salient information, such as the current day’s temperature. This...
Persistent link: https://www.econbiz.de/10014185721
Preference elicitation tasks are widely used to predict behavior in marketing, finance, and public policy. We suggest that every time a respondent answers an additional elicitation question, two things happen: (1) We obtain information about some parameter(s) of interest, such as their discount...
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We hypothesized a phenomenon that we term myopic misery. According to our hypothesis, sadness increases impatience and creates a myopic focus on obtaining money immediately instead of later. This focus, in turn, increases intertemporal discount rates and thereby produces substantial financial...
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A full range of psychological processes has been put into play to explain judgment and choice phenomena. Complementing work on attention, information integration, and learning, decision research over the past 10 years has also examined the effects of goals, mental representation, and memory...
Persistent link: https://www.econbiz.de/10012756396
When asked to delay consumption, people are impatient and discount future rewards more than when offered the chance to accelerate consumption. Three experiments provide a process-level account for this asymmetry, with implications for the design of decision environments that promote less...
Persistent link: https://www.econbiz.de/10012756404