The behavioral economics and politics of global warming unsettling behaviors

The main goal of this Element is to provide a psychological explanation for why actual global climate policy is so much 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. How...

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Bibliographic Details
Other Authors: Shefrin, Hersh, 1948- author (author)
Format: eBook
Language:Inglés
Published: Cambridge : Cambridge University Press 2023.
Edition:First edition
Series:Cambridge elements. Elements in quantitative finance,
Subjects:
See on Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009769411906719
Description
Summary:The main goal of this Element is to provide a psychological explanation for why actual global climate policy is so much 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 why there is a huge gap between actual policy and even the weakest of the prescriptions in the range of plausible prescriptions coming from neoclassical economists' integrated assessment models. This title is also available as Open Access on Cambridge Core.
Item Description:Title from publisher's bibliographic system (viewed on 19 Oct 2023).
Physical Description:1 online resource (102 pages) : digital, PDF file(s)
ISBN:9781009454872
9781009454889
9781009454919
Access:Open Access.