Uncertainty in boundedly rational household adaptation to environmental shocks.

ABSTRACT: Despite the growing calls to integrate realistic human behavior in sustainability science models, the representative rational agent prevails. This is especially problematic for climate change adaptation that relies on actions at various scales: from governments to individuals. Empirical evidence on individual adaptation to climate-induced hazards reveals diverse behavioral and social factors affecting economic considerations. Yet, implications of replacing the rational optimizer by realistic human behavior in nature-society systems models are poorly understood. Using an innovative evolutionary economic agent-based model we explore different framings regarding household adaptation behavior to floods, leveraging on behavioral data from a household survey in Miami, USA. We find that a represe

SUBMITTER: Taberna A 

PROVIDER: S-EPMC10622887 | biostudies-literature | 2023 Oct

REPOSITORIES: biostudies-literature