Do We Care About the Environment? It Depends on How the Issues Are Framed
Here’s an article the theme of which I’ve seen before, called behavioral economics. In essence, people’s reaction to a certain subject, and their buying behavior, is to a huge degree a function of the words used to describe it.
I’m reminded of a discussion I had with economics professor Jason Scorse, Associate Professor and Chair of the International Environmental Policy Program at The Monterey Institute of International Studies, who helped me to understand the subject in preparation for my book “Is Renewable Really Doable?”
One of the key discoveries of (Nobel prize-winning behavioral psychologists) Kahneman and Tversky was this thing called “loss aversion,” meaning that the impact of losing something is much more impactful and has greater magnitude than the benefit of gaining something. (more…)