Can behavioral decision theory explain risk-averse fire management decisions?

نویسندگان

  • Lynn A. Maguire
  • Elizabeth A. Albright
چکیده

Organizations managing forest land often make fire management decisions that seem overly risk-averse in relation to their stated goals for ecosystem restoration, protection of sensitive species and habitats, and protection of water and timber resources. Research in behavioral decision theory has shown that people faced with difficult decisions under uncertainty and decisions with multiple and conflicting objectives adopt mental shortcuts that systematically bias decision-making. Fire management decisions exhibit exactly the characteristics that are likely to trigger such mental shortcuts. Cumulative and unwitting use of mental shortcuts can lead to fire management decisions that are excessively risk-averse, to the point of jeopardizing stated management goals. It can also cause retrospective analyses of fire decisions to focus inappropriately on placing blame for bad outcomes and fail to scrutinize the quality of the decision itself. Excessive risk aversion is evident in the behavior of individual land managers, land management organizations, regulatory agencies that review land management decisions, and the general public and its agents in the media, courts and legislature. Remedies to excessive risk aversion include: (1) wider use of structured decision processes designed to counteract the mental shortcuts that plague human decision-making, (2) structural and educational changes within and between organizations to change perverse incentives that reward risk aversion and discourage adaptive management, and (3) locally focused collaborations among land management agencies, regulatory agencies, and citizens to build trust and to enhance understanding of forest management goals and practices. # 2005 Elsevier B.V. All rights reserved.

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

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Risk premiums and certainty equivalents of loss-averse newsvendors of bounded utility

Loss-averse behavior makes the newsvendors avoid the losses more than seeking the probable gains as the losses have more psychological impact on the newsvendor than the gains. In economics and decision theory, the classical newsvendor models treat losses and gains equally likely, by disregarding the expected utility when the newsvendor is loss-averse. Moreover, the use of unbounded utility to m...

متن کامل

A game Theoretic Approach to Pricing, Advertising and Collection Decisions adjustment in a closed-loop supply chain

This paper considers advertising, collection and pricing decisions simultaneously for a closed-loop supplychain(CLSC) with one manufacturer(he) and two retailers(she). A multiplicatively separable new demand function is proposed which influenced by pricing and advertising. In this paper, three well-known scenarios in the game theory including the Nash, Stackelberg and Cooperative games are expl...

متن کامل

Road tunnel fire safety and risk: a review

A review concerning road tunnel fire safety and risk is presented. In particular different perspectives and methods on safety and risk are discussed. Road tunnel fire safety usually involves high uncertainty and high-stakes decisions. Thus, a wider group of stakeholders and different types of knowledge should be included in the fire safety analysis and evaluation, than what is required by techn...

متن کامل

Uncertainty Aversion with Second-Order Utilities and Probabilities

S expected utility theory does not distinguish between attitudes toward uncertainty (ambiguous probabilities) and attitudes toward risk (unambiguous probabilities). Both are explained in terms of nonlinear utility for money rather than properties of events per se, hence, the decision maker displays the same attitude toward all sources of risk and uncertainty. There is ample evidence that real d...

متن کامل

Behavioral economics survey of patients with type 1 and type 2 diabetes

BACKGROUND Adherence to treatment and the metabolic control of diabetes are challenging in many patients with diabetes. The theory of neuroeconomics can provide important clues for understanding unreasonable human behavior concerning decisions between outcomes occurring at different time points. OBJECTIVE We investigated patients with type 1 and type 2 diabetes to determine whether patients w...

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

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

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2005