Role
Hersh M. Shefrin (Author)
Files
Download Full Text (3.0 MB)
Description
The main goal of this Element is to provide a psychological explanation for why actual global climate policy is so greatly at odds with the prescriptions of most neoclassical economists. To be sure, the behavioral approach does focus on why neoclassical models are often psychologically unrealistic. However, in this Element the author argues that the unrealistic elements are minor compared to the psychological pitfalls driving politically determined climate policy. Why this is the case is what the author describes as the 'big behavioral question.' More precisely, the big behavioral question asks about unsettling behaviors, why there is a huge gap between actual policy and even the weakest of the prescriptions in the range of plausible recommendations coming from neoclassical economists' integrated assessment models.
ISBN
9781009454919
Publication Date
11-2023
Publisher
Cambridge University Press
Keywords
warming, irrational, behavioral, fear, hope
Disciplines
Finance and Financial Management
Recommended Citation
Shefrin, Hersh M., "The Behavioral Economics and Politics of Global Warming: Unsettling Behaviors" (2023). Faculty Book Gallery. 608.
https://scholarcommons.scu.edu/faculty_books/608
Comments
This content is Open Access and distributed under the terms of the Creative Commons Attribution licence CC-BY-NC 4.0 https://creativecommons.org/cclicenses/