Action Bias and Environmental Decisions

@article{Patt2000ActionBA,
  title={Action Bias and Environmental Decisions},
  author={Anthony Patt and Richard J. Zeckhauser},
  journal={Journal of Risk and Uncertainty},
  year={2000},
  volume={21},
  pages={45-72}
}
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… 

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