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Behavioral economics helps boost fuel and carbon efficiency of airline captains

See on Scoop.itBounded Rationality and Beyond

Interventions rooted in behavioral economics can significantly and safely boost the use of fuel- and carbon-efficient flight practices in the airline industry, according to economists at the University of Chicago and the London School of Economics and Political Science. The large-scale study, which incorporated data from more than 40,000 unique flights, found significant savings in carbon emissions and monetary costs when airline captains were provided with tailored monthly information on fuel efficiency, along with targets and individualized feedback. The behavioral effects of such interventions are currently estimated as the most cost-effective way to prevent a metric ton of carbon dioxide from entering the atmosphere. The study was conducted in partnership with experts in sustainability and flight operations at Virgin Atlantic. It included UChicago economists John List, the Homer J. Livingston Professor of Economics, and Robert Metcalfe, Becker Friedman Institute research scholar; as well as Greer Gosnell, a PhD researcher at LSE.

See on news.uchicago.edu



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