Sustainability · 2022 · 11 citations · 27 references
Natural ResourcesNatural Resource EconomicsStrategic ManagementEnvironmental Decision-makingEnvironmental EconomicsResource PolicyMineral Resource ManagementMineral Resource PolicyProspect TheoryResource SecurityCluster AnalysisDecision Maker PreferencesEcological Compensation MechanismsHierarchical Cluster AnalysisProspect Theory ApplicationsSystem Performance Evaluation
Energy security and ecological and environmental security are some of the most basic and important preconditions for national development, and ecological compensation is an important institutional guarantee for construction of China’s ecological civilization. The Chinese government has always made it clear that it will “step up efforts to protect the ecosystem” and establish market-based and diversified ecological compensation mechanisms. However, the existing system and mechanism design of ecological environment protection has been unable to meet the needs of economic and social development in the new era. On the basis of the psychological account theory and prospect theory, this paper constructed an evaluation system of strategic mineral resources exploitation and ecological environmental protection effects in Western China using the VIKOR-AISM model. In this paper, the VIKOR-AISM model comprehensively considers the maximization of group utility and minimization of individual regrets, and conducts a cluster analysis based on the compromise value Q and its inflection k. The comprehensive ranking changes of evaluation subjects under different decision preferences and hesitation interval measures were studied according to the antagonist hierarchy topology. The research results provide decision-making support for China to formulate ecological compensation policies in line with regional characteristics.
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Prospect Theory: An Analysis of Decision under Risk
Daniel Kahneman, Amos Tversky · Econometrica · 1979 · 47K citations
Daniel Kahneman, Amos Tversky · American Psychologist · 1984 · 6.5K citations
Mental Accounting and Consumer Choice
Richard H. Thaler · Marketing Science · 1985 · 4.8K citations