scholarly journals Understanding Farmers’ Decision-Making in Agricultural Water Fee Payment in China: The Role of Mental Accounting

Water ◽  
2016 ◽  
Vol 8 (9) ◽  
pp. 375 ◽  
Author(s):  
Weikang Zhang ◽  
Xinhong Fu ◽  
Jing Lu ◽  
Lin Zhang ◽  
Kwamega Michael ◽  
...  
Keyword(s):  
Decision Making ◽  
Mental Accounting ◽  
Agricultural Water ◽  
Water Fee ◽  
Fee Payment

scholarly journals Understanding Farmers’ Decision Making in Agricultural Water Fee Payment in China: The Role of Mental Accounting

2016 ◽  
Author(s):  
Weikang Zhang ◽  
Xinhong Fu ◽  
Jing Lu ◽  
Lin Zhang ◽  
Kwamega Michael ◽  
...  
Keyword(s):  
Decision Making ◽  
Information Processing ◽  
Rural China ◽  
Mental Accounting ◽  
Agricultural Water ◽  
Negative Behaviors ◽  
Water Fee ◽  
The Government ◽  
Subsidy Programs ◽  
Agricultural Subsidy

To better understand farmers’ refusal, as well as their corresponding negative emotions, to pay agricultural water fee under current policy in rural China, this paper applies mental accounting, a behavioral economics framework, to explore how the reform of rural taxes and fees, direct agricultural subsidy programs and agricultural water fee influence farmers’ decisions in paying agricultural water fee. Using fieldwork data from 577 farmers and 20 water managers in Sichuan, we explore farmers’ information processing regarding the payment decisions of agricultural water fee via three sequential mental accounting processes, with the associated underlying principles and measures behind each process. We find that the information processing in three mental accounting scenarios related to the agricultural water fee elucidates farmers’ observed behaviors in rural China. Generally, in the three mental accounting scenarios, two conditional intuitive expectations and nine other conditional intuitive preferences are formed; however, these conditions cannot be matched with the facts due to the reform of rural taxes and fees, the direct agricultural subsidy programs and the internal attributes of agricultural water fee. Additionally, this paper offers a view into how previous policies create negative psychological externalities (such as farmers’ psychological dependence on the government) through mental accounting that negatively influences agents’ subsequent decision making; it highlights the significance of underlying mental factors and information processing of negative behaviors in policymaking for managing or conserving common pool resources.

scholarly journals Understanding Farmers’ Decision Making in Agricultural Water Fee Payment in China: The Role of Mental Accounting

2016 ◽  
Author(s):  
Weikang Zhang ◽  
Xinhong Fu ◽  
Jing Lu ◽  
Lin Zhang ◽  
Kwamega Michael ◽  
...  
Keyword(s):  
Decision Making ◽  
Information Processing ◽  
Rural China ◽  
Mental Accounting ◽  
Agricultural Water ◽  
Negative Behaviors ◽  
Water Fee ◽  
The Government ◽  
Subsidy Programs ◽  
Agricultural Subsidy

To better understand farmers’ refusal and corresponding negative emotions to pay agricultural water fee under current policy in rural China, this paper applies mental accounting, a behavioral economics framework, to explore how the governmental policies of reform of rural taxes and fees, direct agricultural subsidy programs and agricultural water fee individually influence farmers’ decisions in paying agricultural water fee. Using fieldwork data from 577 farmers and 20 water managers in Sichuan, we explore farmers’ information processing regarding paying agricultural water fee via three sequential mental accounting processes, with the associated underlying principles and measures behind each process. We find that the information processing in three mental accounting scenarios related to the agricultural water fee elucidates farmers’ observed behaviors in rural China. Generally, in the three mental accounting scenarios, two conditional intuitive expectations and nine conditional intuitive preferences are formed, however, the conditions of those expectations or preferences cannot be matched with the facts due to the reform of rural taxes and fees, the direct agricultural subsidy programs and the internal attributes of agricultural water fee, which interpret those negative behaviors in rural China. Additionally, this paper offers a view into how previous policies create negative psychological externalities (such as farmers’ psychological dependence on the government) through mental accounting to negatively influence agents’ subsequent decision making; it highlights the significance of underlying mental factors and information processing of negative behaviors in policymaking for managing or conserving common pool resources.

Elaborating the role of reflection and individual differences in the study of folk-economic beliefs

2018 ◽  
Vol 41 ◽  
Author(s):  
Kevin Arceneaux
Keyword(s):  
Decision Making ◽  
Individual Differences ◽  
Cognitive Processes ◽  
Evolutionary History ◽  
Behavioral Responses ◽  
History Of ◽  
Economic Beliefs

AbstractIntuitions guide decision-making, and looking to the evolutionary history of humans illuminates why some behavioral responses are more intuitive than others. Yet a place remains for cognitive processes to second-guess intuitive responses – that is, to be reflective – and individual differences abound in automatic, intuitive processing as well.

The Role of Shared Decision-Making in Audiologic Rehabilitation

2014 ◽  
Vol 21 (1) ◽  
pp. 15-23 ◽  
Author(s):  
Helen Pryce ◽  
Amanda Hall
Keyword(s):  
Decision Making ◽  
Shared Decision Making ◽  
Behavior Changes ◽  
Shared Decision ◽  
Patient Centered ◽  
Treatment Information ◽  
Centered Care ◽  
Potential Risks ◽  
Audiologic Rehabilitation

Shared decision-making (SDM), a component of patient-centered care, is the process in which the clinician and patient both participate in decision-making about treatment; information is shared between the parties and both agree with the decision. Shared decision-making is appropriate for health care conditions in which there is more than one evidence-based treatment or management option that have different benefits and risks. The patient's involvement ensures that the decisions regarding treatment are sensitive to the patient's values and preferences. Audiologic rehabilitation requires substantial behavior changes on the part of patients and includes benefits to their communication as well as compromises and potential risks. This article identifies the importance of shared decision-making in audiologic rehabilitation and the changes required to implement it effectively.

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