Publication details
Determinants of Decision-making on the Mitigation of Global Environmental Issues in the Context of Subjective Rationality
| Authors | |
|---|---|
| Year of publication | 2019 |
| Type | Article in Periodical |
| Magazine / Source | Fresenius Environmental Bulletin |
| MU Faculty or unit | |
| Citation | |
| web | |
| Keywords | environmental assessment; economic experiment method; Millennium Development Goals; poverty as an environmental issue; subjective rationality |
| Description | The poverty in developing countries represents a global environmental issue under Millennium Development Goals. One of the ways how to mitigate this global environmental problem is the humanitarian response. But, there is a considerable knowledge gap in environmental scientific literature concerning the application of humanitarian aid as a support tool for addressing of it. This paper deals with application of the economic experiment method in an analysis of determinants of decision-making on the mitigation of global environmental issues using humanitarian aid in the context of subjective rationality. The methods in this study are based on mathematical economic models supporting by statistical analyses. Selected assumptions are transformed into hypotheses whose validity is consistent with conclusions of the presented study. The conducted experiment confirmed all the tested hypotheses and many other hypotheses could be verified by other experiments of a different design. Although the growing influence of behavioural economics has facilitated the explanation of some kinds of observed behaviours, the umbrella term “subjective rationality” suffers due to its general broadness. The presented study is striving to find a way of synthesising the currently used sophisticated analytical methods with the behavioural perspective on decision-making on the mitigation of global environmental issues. |