Why do people vote, read newspapers and buy mobile phones when they claim politicians, the press and the mobile phone industry can't be trusted? One account of this apparent paradox argues that people are aware of their ambivalence and only exhibit trust-like behaviours with caution and...

Water is often a feature of preferred landscapes. Three experimental studies explored possible boundary conditions and extensions of this finding. Study 1 examined the role of weather and found that landscape preferences were moderated by climatic conditions. While waterscape preferences were...

Excess choice has previously been shown to have detrimental effects on decisions about consumer products. As the number of options increases, people are more likely to put off making an active choice (i.e., defer) and show less satisfaction with any purchase actually made. We extend this line of...

Studies using the Ultimatum Game have shown that participants reject unfair offers extended by another person although this incurs a financial cost. Previous research suggests that one possible explanation for this apparently self-defeating response is that unfair offers involve strong negative...

Widespread use of the non-steroidal anti-inflammatory drug (NSAID) diclofenac to treat livestock has resulted in dramatic declines in the populations of vultures across India. This has become an issue of considerable concern as vultures are a keystone species and their decline has a range of...

We explore the behaviour of our model when agents have access to two simple predictors, one of which is consistent with a mistaken belief that macroeconomic variables are more persistent. We show that the presence of a `persistent predictor' can lead to changes in beliefs which are self...

This study looks at the behaviour of emissions when in disequilibrium with respect to the environmental Kuznets curve (EKC) relationship. We use the non-linear threshold cointegration and error correction methodology and a long dataset beginning in 1830, in an application to the United Kingdom....

Transaction costs and risk have generally not been taken into account in assessing the Kyoto mechanisms JI, CDM and emissions trading. However, they can have a significant influence. With regard to the project-based mechanisms, the factor that most determines the influence of transaction costs...

We investigate the extent to which misperceptions about the economy can become self-reinforcing and thereby contribute to time-varying macroeconomic dynamics. To do so, we build a New Keynesian model with long-horizon expectations and dynamic predictor selection. Because agents solve...