Undergraduate Honors Theses

Thesis Defended

Spring 2015

Document Type

Thesis

Type of Thesis

Departmental Honors

Department

Economics

First Advisor

Nicholas Flores

Second Advisor

Martin Boileau

Third Advisor

Leaf Van Boven

Abstract

This study experimentally implements theories about consumer preferences toward environmental policies that hypothetically decrease the uncertainty of consequences of global temperature increase. We first measure individual risk and time preferences, then conduct a series of choice experiments using investments in a global warming model. We find that subjects consistently spend more than their optimal consumption point as predicted by their stated preferences.

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