Fuzzy Model Of Residential Energy Decision-Making: Considering Behavioral Economic Concepts
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Constantine Spandagos is a research fellow at The Hong Kong University of Science and Technology | UST · Department of Civil and Environmental Engineering.

                       

Fuzzy Model Of Residential Energy Decision-Making: Considering Behavioral Economic Concepts

As residential buildings can account for up to 50% of the total energy consumption and greenhouse gas (GHG) emissions in an economy, there is a need for the development and implementation of policies to encourage households towards pro-environmental energy-saving behavior. However, such policies in practice often fail to take into account behavioral economic insights but instead, assume consumers are motivated only by monetary incentives. This hinders their effectiveness, giving rise to “energy efficiency gaps.” Thus, for better energy policies, it...

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