Journal of Travel Research · 2023 · 24 citations · 72 references
Voluntary Carbon OffsettingBehavioral Decision MakingClimate PolicyVoluntary Carbon OffsetsTravel BehaviorLoss-framed Vco MessageAttitude TheoryBiasManagementExperimental EconomicsClimate ActionConsumer BehaviorClimate ChangeConsumer ChoicePublic PolicyEconomicsConsumer Decision MakingBehavioral SciencesClimate CommunicationClimate InterventionsLoss FramingBehavioral EconomicsBusinessTourismReal Behavior ExperimentConsumer Attitude
Findings from behavioral economics suggest the currently low take-up of voluntary carbon offsets (VCOs) could be increased by changing the way choices are presented. In this article, we lean on prospect theory to test the effect of loss framing on air traveler’s VCO behavior and whether this contrasts with attitudes and behavioral intentions. Borrowing from experimental economics, we conduct an incentive-compatible online experiment with a real-effort task. We find that under certain conditions a loss-framed VCO message leads to higher likelihood of offsetting, indicating some presence of loss aversion. The results also reveal a substantial attitude-behavior gap and intention-behavior gap, previously postulated to be particularly strong in the tourism setting but not yet quantified. Importantly, 28% of participants with a negative attitude toward VCOs chose to offset nonetheless, indicating positive attitudes are not a pre-requisite for behavior, as hitherto stipulated. Practical, theoretical, and methodological implications of the findings are discussed.
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Prospect Theory: An Analysis of Decision under Risk
Daniel Kahneman, Amos Tversky · Econometrica · 1979 · 45.8K citations
DigitalCommons - Kennesaw State University (Kennesaw State University) · 1998 · 14.1K citations