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LOSS FRAMING (1) answer(s).
 
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ID:   171404


Pro-environmental incentives and loss aversion: a field experiment on electricity saving behavior / Ghesla, Claus; Grieder, Manuel; Schmitz, Jan; Stadelmann, Marcel   Journal Article
Ghesla, Claus Journal Article
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Summary/Abstract This paper reports evidence from a field experiment investigating households’ electricity saving behavior. We motivated households’ efforts to save electricity via pro-environmental incentives that did not affect people’s monetary utility but targeted their environmental preferences. The results show that such pro-environmental incentives can be effective, especially when framed as potential losses to the environment. Our loss-framed pro-environmental incentive led households to save 5% on their monthly electricity consumption compared to a control group.
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