Pay now, save later: Using insights from behavioural economics to commit consumers to environmental sustainability

نویسندگان

چکیده

Focusing on delayed outcomes facilitates goal pursuit, but people exhibit a clear preference for immediate outcomes. Introducing incentives (rewards or penalties) that are contingent later performance can act as commitment device to facilitate long-term pursuit. Here we apply these behavioural insights the design of incentive-based electricity products aim commit consumers conserve electricity. Such often effective in lowering consumption levels, their uptake among is relatively low. Across two experimental studies, tested consumer acceptance three novel applied combination rewards and penalties homes. Results show were less likely choose offer an upfront reward (combined with penalty applies upon failing reach conservation target). Our results further indicate this may be case because perceived device. Thus, while devices does not seem context conservation. Moreover, individual differences predicted choices products: Individual levels loss aversion temporal discounting tariff choices, mediated by attractiveness incentive effectiveness. findings highlight potential designing behaviourally-informed energy well market innovative tariffs designed help goals.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Save More Tomorrow: Using Behavioral Economics to Increase Employee Saving

As firms switch from defined benefit plans to defined contribution plans, employees bear more responsibility for making decisions about how much to save. The employees who fail to join the plan, or who participate at a very low level, appear to be saving at less than the predicted lifecycle savings rates. Behavioral explanations for this behavior stress bounded rationality and self-control and ...

متن کامل

Local recurrence or cardiovascular disease: pay now or later.

© The Author 2007. Published by Oxford University Press. All rights reserved. For Permissions, please e-mail: [email protected]. Radiation therapy is an essential component of the local management of breast cancer. The overview from the Early Breast Cancer Trialists’ Collaborative Group ( 1 ) indicates that adjuvant radiation therapy after breast-conserving surgery results...

متن کامل

‘Nudging’ behaviours in healthcare: insights from behavioural economics

LSE has developed LSE Research Online so that users may access research output of the School. Copyright © and Moral Rights for the papers on this site are retained by the individual authors and/or other copyright owners. Users may download and/or print one copy of any article(s) in LSE Research Online to facilitate their private study or for non-commercial research. You may not engage in furthe...

متن کامل

Left Atrial Appendage Closure to Reduce the Risk of Thromboembolic Complications in Atrial Fibrillation: Pay Now and Possibly Pay Later?

A trial fibrillation (AF) is the most common sustained arrhythmia and currently afflicts 5 million Americans (1). The treatment of AF and its complications costs the United States healthcare system $26 billion annually (2). Due to aging of the population and an increasing incidence of AF risk factors, by the year 2050, >12 million Americans will have this arrhythmia (2). Thromboembolism and its...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Journal of Environmental Psychology

سال: 2021

ISSN: ['0272-4944', '1522-9610']

DOI: https://doi.org/10.1016/j.jenvp.2021.101625