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Seeing what can(not) be seen: confirmation bias, employment dynamics and climate change

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  • Alessia Cafferata
  • Marwil J. Dávila-Fernández
  • Serena Sordi

Abstract

Psychologists among other behavioural scientists refer to the tendency of favouring, interpreting, and searching for information that supports one's prior beliefs as confirmation bias. Using Twitter data, we illustrate how this might affect environmental attitudes by contrasting #ClimateChangeIsReal and #ClimateChangeHoax engagement. Given the relevance of the topic to the field, we develop an agent-based model to investigate how employment conditions affect attitudes towards climate policies under such a cognitive bias. It is shown that persistent endogenous fluctuations might emerge via a super-critical Neimark-Sacker bifurcation. Furthermore, depending on the individual's response to the collective opinion, we might have coexistence of periodic attractors as a representation of path dependence. In terms of policy implications, we highlight that the adoption of a successful green-agenda depends on the ability of policy-makers to take advantage of favourable employment rates while appealing to different framing strategies.

Suggested Citation

  • Alessia Cafferata & Marwil J. Dávila-Fernández & Serena Sordi, 2020. "Seeing what can(not) be seen: confirmation bias, employment dynamics and climate change," Department of Economics University of Siena 839, Department of Economics, University of Siena.
  • Handle: RePEc:usi:wpaper:839
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    Cited by:

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    3. Cahen-Fourot, Louison & Campiglio, Emanuele & Daumas, Louis & Miess, Michael Gregor & Yardley, Andrew, 2023. "Stranding ahoy? Heterogeneous transition beliefs and capital investment choices," Journal of Economic Behavior & Organization, Elsevier, vol. 216(C), pages 535-567.
    4. Di Guilmi, Corrado & Galanis, Giorgos & Proaño, Christian R., 2023. "A Baseline Model of Behavioral Political Cycles and Macroeconomic Fluctuations," Journal of Economic Behavior & Organization, Elsevier, vol. 213(C), pages 50-67.

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    More about this item

    Keywords

    Climate change; con rmation bias; sentiment dynamics; group e ect; adaptive learning.;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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