One of the newest kids on the economics block is behavioral economics. How has, and how might this new kid contribute to research in environmental and natural resource economics? That is the question we will be examining during this workshop.
We have assembled nine perspectives on this topic, ranging from pessimistic to enthusiastic, with both general and specific views. We are also fortunate to have Vernon Smith, a Nobel laureate, contributing his perspective.
Some of the questions that will be addressed at the conference include the following:
- What should the discount rate be for long lived investments in the environment when there is uncertainty both about the levels of risk?
- How should we design smart policies when people are “humans” and not “econs”?
- What if many people consider fairness to be important? How does that affect the allocation of natural resources?
Conference Sponsors:
Wilder Construction
College of Business and Economics
Conference Organizers:
Gardner Brown gbrown@u.washington.edu
Dan Hagen dan.hagen@wwu.edu