caa a22 4500 46791785X CHVBK 20180915131426.0 cr unu---uuuuu 170328e20060701xx s 000 0 eng 10.1007/s10584-006-9075-9 doi (NATIONALLICENCE)springer-10.1007/s10584-006-9075-9 The Perception and Valuation of the Risks of Climate Change: A Rational and Behavioral Blend [Elektronische Daten] [W. Viscusi, Richard Zeckhauser] Over 250 respondents - graduate students in law and public policy - assessed the risks of climate change and valued climate-change mitigation policies. Many aspects of their behavior were consistent with rational behavior. For example, respondents successfully estimated distributions of temperature increases in Boston by 2100. The median value of best estimates was 1-3 degrees Fahrenheit. In addition, people with higher risk estimates, whether for temperature or related risks (e.g., hurricane intensities) offered more to avoid warming. Median willingness to pay (WTP) to avoid global warming was $0.50/gallon, and 3% of income. And important scope tests (e.g., respondents paid more for bigger accomplishments) were passed. However, significant behavioral propensities also emerged. For example, accessibility of neutral information on global warming boosted risk estimates. Warming projections correlated with estimates for unrelated risks, such as earthquakes and heart attacks. The implied WTP for avoidance was much greater when asked as a percent of income than as a gas tax, a percent thinking bias. Home team betting showed itself; individuals predicting a Bush victory predicted smaller temperature increases. In the climate-change arena, behavioral decision tendencies are like a fun-house mirror: They magnify some estimates and shrink others, but the contours of rational decision rmain recognizable. Springer Science+Business Media, Inc., 2006 Viscusi W. Cogan Professor of Law & Economics, Harvard Law School, 1575 Massachusetts Avenue, 02138, Cambridge, MA, USA aut Zeckhauser Richard Ramsey Professor of Political Economy, Kennedy School of Government, Harvard University, 02138, Cambridge, MA, USA aut Climatic Change Kluwer Academic Publishers 77/1-2(2006-07-01), 151-177 0165-0009 77:1-2<151 2006 77 10584 https://doi.org/10.1007/s10584-006-9075-9 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10584-006-9075-9 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Viscusi W. Cogan Professor of Law & Economics, Harvard Law School, 1575 Massachusetts Avenue, 02138, Cambridge, MA, USA aut NATIONALLICENCE 700 1- Zeckhauser Richard Ramsey Professor of Political Economy, Kennedy School of Government, Harvard University, 02138, Cambridge, MA, USA aut NATIONALLICENCE 773 0- Climatic Change Kluwer Academic Publishers 77/1-2(2006-07-01), 151-177 0165-0009 77:1-2<151 2006 77 10584 Metadata rights reserved Springer special CC-BY-NC licence nationallicence SWISSBIB 105185930 BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer