Which of the following do behavioral economists blame for why many households in sunny areas resist solar panels because they focus on the upfront installation costs instead of the larger long-run benefits that accrue from the solar panels?
A)framing effects
B)anchoring
C)myopia
D)time inconsistency

Question

Quizplus · Accepted Answer

Behavioral economists attribute the resistance to solar panels in sunny areas to myopia, which is the tendency of individuals to focus on short-term benefits and costs rather than the long-term outcomes. In this context, households may overemphasize the immediate financial burden of installing solar panels and underappreciate the significant long-term savings and environmental benefits.

Which of the Following Do Behavioral Economists Blame for Why