Social psychology and environmental economics: a new look at ex ante corrections of biased preference evaluation

Nicolas Jacquemet (), Alexander James, Stephane Luchini () and Jason Shogren
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Stephane Luchini: GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille - EHESS - École des hautes études en sciences sociales - AMU - Aix Marseille Université - ECM - École Centrale de Marseille - CNRS - Centre National de la Recherche Scientifique

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: Environmental economics is now a long standing field of research; much has been learned on how environmental policy can use incentives to drive individual behaviors. Among the many examples, preference elicitation is the most discussed case in which incentives fail to accurately implement efficient behavior. Using this as our motivating example, herein we explore the cross-fertilization between environmental economics and social psychology. We first review how the lessons drawn from social psychology helped address the hypothetical bias issue. We then turn to the future of this process by focusing on how cheap talk scripts influence preference elicitation. Our experimental results shows CT scripts work through persuasion – i.e. changes mind, but poorly changes actions. in that sense, preference elicitation still lacks a way of making communication binding – i.e. a way to alter intrinsic motivation of subjects to behave truthfully.

Keywords: Social psychology; commitment; persuasive communication; preference elicitation; Psychologie sociale; engagement; communication persuasive; révélation des préférences (search for similar items in EconPapers)
Date: 2010-03-08
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00462193v1
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Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Social Psychology and Environmental Economics: A New Look at ex ante Corrections of Biased Preference Evaluation (2011)
Working Paper: Social psychology and environmental economics: a new look at ex ante corrections of biased preference evaluation (2011)
Working Paper: Social psychology and environmental economics: a new look at ex ante corrections of biased preference evaluation (2011)
Working Paper: Social psychology and environmental economics: a new look at ex ante corrections of biased preference evaluation (2011)
Working Paper: Social psychology and environmental economics: a new look at ex ante corrections of biased preference evaluation (2010)
Working Paper: Social psychology and environmental economics: a new look at ex ante corrections of biased preference evaluation (2010)
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