search query: @indexterm Economic behaviour / total: 184
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| Author: | Brown, P. Stewart, S. |
| Title: | Avoiding severe environmental consequences: evidence on the role of loss avoidance and risk attitudes |
| Journal: | Journal of Economic Behavior and Organization
1999 : FEB, VOL. 38:2, p. 179-198 |
| Index terms: | ECONOMIC BEHAVIOUR ORGANIZATION ENVIRONMENT |
| Language: | eng |
| Abstract: | Previous studies have found that individuals select away from equilibria perceived as leading to losses. The current paper examines whether individuals would increase the rate at which they internalize the costs of a negative externality in order to avoid incurring losses. The findings indicate that incurring losses did not result in the subject's overcoming the social dilemma. The participants' responses varied according to their risk attitudes. |
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