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.
