Examining the Effects of Status Quo Bias on Household/Individual Carbon Consumption
DOI:
https://doi.org/10.61173/vyb0wd12Keywords:
status quo bias, carbon emissions, Carbon Consumption, individuals’ and households’ consumption behaviors, psychologicalAbstract
The research investigated the degree of influence status quo bias has on rising carbon emissions. It found that status quo bias strongly regulates the actions of households and individuals when making environmental decisions. Through transportation, individuals lack the incentive to switch to eco- friendly methods and display inertia to their original path. Consumption habits and market interactions also show individuals’ reluctance to new technologies. Results show that the status quo bias plays a significant role as one of the fundamental causes of uncontrollable carbon emissions.
References
Lloyd, S. (2023). Cultivating sustainable consumption: The role of harmonious cultural values and pro-environmental self-identity. Journal of Consumer Behaviour. https://doi. org/10.1002/cb.2261 Banton, C. (2021, November 29). Path Dependency Can Be Detrimental to Companies and Society. Investopedia. https://www.investopedia.com/terms/p/pathdependency.asp#:~:text=Path%20dependency%20is%20a%20 phenomenon
Blasch, J., & Daminato, C. (2020). Behavioral Anomalies and Energy-related Individual Choices: The Role of Statusquo Bias. The Energy Journal, 41(01). https://doi.org/ 10.5547/01956574.41.6.jbla
CIA. (2022). Carbon dioxide emissions - The World Factbook. Www.cia.gov. https://www.cia.gov/ the-world-factbook/field/ carbon-dioxide-emissions/country-comparison/ Cohen, E. (2024, January 29). Green Economy Outlook: Sustainability Trends for 2024 | JPMorgan Chase. Www. jpmorgan.com. https://www.jpmorgan.com/insights/esg/ sustainability/ green-economy-outlook-sustainability-trendsfor-2024 EPA. (2024, July 8). Sources of Greenhouse Gas Emissions. United States Environmental Protection Agency. https://www. epa.gov/ghgemissions/sources-greenhouse-gas-emissions
Ghesla, C., Grieder, M., & Schmitz, J. (2019). Nudge for Good? Choice Defaults and Spillover Effects. Frontiers in Psychology, 10, 416230. https://doi.org/10.3389/fpsyg.2019.00178
Hofmann, A. R. (2022). Confirmation Bias and Anchoring Effect: Why the First Piece of Information is Key in Negotiations. 39–50. https://doi.org/10.1007/978-3-030-88797- 1_4
Kahneman, D., Knetsch, J. L., & Thaler, R. H. (1991). Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias. Journal of Economic Perspectives, 5(1), 193–206. https:// doi.org/10.1257/jep.5.1.193 Kivisaari, S. L., van Vliet, M., Hultén, A., Lindh-Knuutila, T.,
Faisal, A., & Salmelin, R. (2019). Reconstructing meaning from bits of information. Nature Communications, 10(1). https:// doi.org/10.1038/s41467-019- 08848-0
Lang, C., Weir, M., & Pearson-Merkowitz, S. (2021). Status quo bias and public policy: evidence in the context of carbon mitigation. Environmental Research Letters, 16(5), 054076. https:// doi.org/10.1088/1748-9326/abeeb0
Mitchell, T. R., Rothman, M., & Liden, R. C. (1985). Effects of normative information on task performance. Journal of Applied Psychology, 70(1), 48–55. Nolan, J. M., Schultz, P. W., Cialdini, R. B., Goldstein, N.
J., & Griskevicius, V. (2008). Normative Social Influence is Underdetected. Personality and Social Psychology Bulletin, 34(7), 913–923. https://doi.org/10.1177/0146167208316691
Rosenbloom, D., Meadowcroft, J., & Cashore, B. (2019). Stability and climate policy? Harnessing insights on path dependence, policy feedback, and transition pathways. Energy Research & Social Science, pp. 50, 168–178. https://doi.org/10.1016/ j.erss.2018.12.009 Saeed, M., Ahmed, A., Erhan Boğan, Osman Abul, & Qammar, A. (2023). “Buying green”: the role of green customer-based brand equity in shaping customers’ green buying behavior. Environment, Development and Sustainability. https://doi. org/10.1007/ s10668-023-04110-2
The Decision Lab. (2023). The First Impression Bias. The Decision Lab. https:// thedecisionlab.com/reference-guide/ psychology/the-first-impression-bias
Thogersen, J. (2021). Consumer behavior and climate change: consumers need considerable assistance. Current Opinion in Behavioral Sciences, 42(42), 9–14. https://doi.org/ 10.1016/ j.cobeha.2021.02.008
Wu, J. (2021). 消费者绿⾊交通消费意向 . CNKI. https://cdmd. cnki.com.cn/Article/ CDMD-10674-1021844652.htm
Downloads
Published
Issue
Section
License
Copyright (c) 2024 by the authors.
This work is licensed under a Creative Commons Attribution 4.0 International License.
