ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Three values of the kind suggested that are important to me are to do with nature, diversity and equality. While I find it fairly easy to identify these in a general sense, the detail of these values only becomes evident when I consider how I think and act in a particular situation.

Detailed explanation-2: -For the Swedish study, researchers found that “Rational” decision-makers reported lower stress and better sleep, while the “Avoidant” and “Dependent” decision-makers were more anxious and tired.

Detailed explanation-3: -Four types of values are most relevant to understanding individuals’ climate actions: biospheric (caring about the environment), altruistic (caring about others), egoistic (caring about personal resources) and hedonic (caring about pleasure and comfort) [6, 20].

Detailed explanation-4: -There are three decision-making environments: Decision making under certainty. Decision making under uncertainty. Decision making under risk.