Behaviourial Environmental Economics an der Universität Paderborn

• bounded rationality
• bounded awareness
• bounded self-interest
• bounded willpower
• bounded ethicality

• time, information, thinking capacity
• system 1vs system 2
• heuristic
• biases
• prospect theory

This theory explains why humans are not completely rational. In some situations we are risk averse and in some situations we take risks.

The substitution bias is solving a difficult problem with something similar but easier

a striking event that stays in our memory

Remember the first event better than the rest

• Altruism (Selbstlosigkeit)
• fairness perception
• reputation
• social norms

• present bias
• hyperbolic discounting
• dynamic/time inconsistency

(Jetzt Netflix schauen und Aufgaben morgen machen)

• behaviour inconsistent with own moral
• moral wiggle room (strategical ignorance)
• moral licensing
• ignore conflicts that are similar to ours
• ethical biases
  • slippery slope bias: ich hab eh schon was schlimmes getan

• own rules, like moral rules
• empirical expectations
• normative expectations
• norm creation/changes
• stand out if you break norms

• taxes
• regulations
• agreements
• externalities

It is

• philosophical, mathematical, behaviourl
• perfectly rational
• utility-maximising
• self-interested
• gaining insights from experiments