Action bias and environmental decisions

被引:103
作者
Patt, A
Zeckhauser, R
机构
[1] Boston Univ, Ctr Energy & Environm Studies, Boston, MA 02215 USA
[2] Harvard Univ, Cambridge, MA 02138 USA
关键词
action bias; behavioral economics; loss aversion; status quo bias;
D O I
10.1023/A:1026517309871
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Individuals have a penchant for action, often kr good reasons. But action bias arises if that penchant is carried over to areas where those reasons do not apply, hence is nonrational. Action bias is explored theoretically, and then empirically, using data from surveys of hypothetical environmental decisions. Quite apart from agency considerations, individuals like to affect outcomes when gains are reaped. Given the ability to help one of two sites, we find that decision makers choose to foster improvement rather than prevent deterioration, despite framing that makes it arbitrary which site is improved, which preserved. Strong action bias-individuals choosing to reap gains even though they must impose losses-is also observed. These concepts are related to loss aversion, status quo bias, omission bias for losses, and bright-line behavior.
引用
收藏
页码:45 / 72
页数:28
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