Action Bias and Environmental Decisions

  title={Action Bias and Environmental Decisions},
  author={Anthony Patt and Richard J. Zeckhauser},
  journal={Journal of Risk and Uncertainty},
Individuals have a penchant for action, often for 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… 
Responding to problems: actions are rewarded, regardless of the outcome
ABSTRACT When faced with a problem, policymakers have a choice of action or inaction. Psychological research shows varying results on how individuals evaluate (in)actions conditional on the
“Biases” in Adaptive Natural Resource Management
Uncertainties about the consequences of natural resource management mean that managers are required to make difficult judgments. However, research in behavioral economics, psychology, and behavioral
Protected values: No omission bias and no framing effects
Investigating the relationship between PVs and acts versus omissions in risky choices, using a paradigm in which act and omission biases were presented in a symmetrical manner, found people with strong PVs were immune to framing; participants with few PVs showed robust framing effects.
Behavioral Economics and Environmental Policy
This article provides an interpretive survey on implications of insights from behavioral economics for environmental policy. In particular, it discusses whether, and if so how, policy implications
Risk and Prior Outcome Effects on Managerial Decision Making
  • Ofer H. Azar
  • Economics, Business
    Journal of Behavioral and Experimental Economics
  • 2021
The Costs and Benefits of Calculation and Moral Rules
It is argued that outside the very narrow domain in which consequences can be unambiguously anticipated, it is not at all clear that calculation processes optimize outcomes.
Omission bias, individual differences, and normality
Strategic Policy Overreaction as a Risky Policy Investment
  • M. Maor
  • Political Science
    International Review of Public Policy
  • 2019
Policy overreaction is a policy that imposes objective and/or perceived social costs without producing offsetting objective and/or perceived benefits. It is therefore an objective fact and, at the


Reference Points and Omission Bias
Abstract Subjects were asked to evaluate the choice of options leading to known outcomes, or to say how they would feel about a chance outcome, in hypothetical decisions. We independently manipulated
Status-quo and omission biases
Bias toward the status quo, found in choice and in emotional reactions to adverse outcomes, has been confounded with bias toward omission. We unconfounded these effects with scenarios in which change
Status quo bias in decision making
Most real decisions, unlike those of economics texts, have a status quo alternative—that is, doing nothing or maintaining one's current or previous decision. A series of decision-making experiments
Preference reversals and the measurement of environmental values
Numerous studies have demonstrated that theoretically equivalent measures of preference, such as choices and prices, can lead to systematically different preference orderings, known as preference
Reluctance to vaccinate: Omission bias and ambiguity
Subjects are reluctant to vaccinate a (hypothetical) child when the vaccination itself can cause death, even when this is much less likely than death from the disease prevented. This effect is even
Amos Tversky and the Ascent of Behavioral Economics
Amos Tversky investigated and explained a wide range of phenomena that lead to anomalous human decisions. His two most significant contributions, both written with Daniel Kahneman, are the
Judgment under Uncertainty: Heuristics and Biases.
Three heuristics that are employed in making judgements under uncertainty are described: representativeness, availability of instances or scenarios, which is often employed when people are asked to assess the frequency of a class or the plausibility of a particular development.
Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value
Aside from possible income effects, measures of the maximum amounts people will pay to avoid a loss and the minimum compensation necessary for them to accept it are generally assumed to be
Judgment under Uncertainty
The thirty-five chapters in this book describe various judgmental heuristics and the biases they produce, not only in laboratory experiments but in important social, medical, and political situations