Clean Energy Discussion on “Getting Your Money’s Worth”
I’ve noticed that a lot of the interviews I’m asked to do around “Renewable Energy – Facts and Fantasies” have very little to do with the subject matter of the book directly. I’m headed back to New York City in a couple of weeks to tape a TV show called “Getting Your Money’s Worth,” which, as the name suggests, helps viewers make better purchasing decisions.
Of course, there’s a tie-in here. Are consumers willing to shell out a few extra cents a kilowatt-hour for green electricity? That’s an interesting question. And here’s what Dr. Jason Scorse, behavioral economist, told me on the subject:
There is a phenomenon known as “status quo bias,” which means that people tend to keep doing what they’ve been doing. The inertia of change is very strong and hard to break, even if it’s a rational interest to do so. (more…)