The Behavioral Economics and Politics of Global Warming

Focusing on the psychological factors influencing climate policy, the author explores the significant disconnect between actual policies and the recommendations of neoclassical economists. While acknowledging that neoclassical models may have unrealistic elements, the work emphasizes that the more pressing issue lies in the psychological pitfalls that affect political decision-making. This analysis poses the "big behavioral question," investigating the troubling behaviors that contribute to the substantial gap between existing policies and even the most modest economic prescriptions.