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Overcoming Salience Bias: How Real-Time Feedback Fosters Resource Conservation

作者: 发布时间:2015-03-31 点击数:
主讲人: Lorenz Gotte
主讲人简介:

University of Lausanne and IZA

Prof. Lorenz Gotte' CV

主持人:Prof, Jiaming Mao
讲座简介:
Abstract:
Inattention and imperfect information bias behavior towards the salient and immediately visible. They drive individuals to lose sight of long-term goals, such as leading a sustainable and healthy life, and promote overindulgence and waste. We show that providing real-time feedback on a specific resourceintense behavior can be a powerful remedy for this bias: In a large-scale field experiment, participants receive real-time feedback on their resource use. We find that this approach reduced resource consumption by 22% - much larger conservation gains than conventional policy interventions achieve. Real-time feedback directly overcomes salience bias, and avoids the negative psychological pressure that has been observed with widely-used policy interventions. Providing real-time feedback has the potential for cost-effective policy interventions aimed at resource conservation, and could help individuals eliminate salience bias in other domains of life.

Note: The “WISE-IZA” seminar series is transmitted from IZA in Bonn using e-conference technology.

时间:2015-03-31(星期二)18:15-19:30
地点:N118 经济楼/Economics Building
讲座语言:English
主办单位:WISE-SOE
承办单位:
期数:"WISE-IZA" Seminar Series No. 116 (No.3 of 2015 Spring)
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