{"id":30649,"date":"2018-05-01T11:49:59","date_gmt":"2018-05-01T10:49:59","guid":{"rendered":"https:\/\/www.lse.ac.uk\/granthaminstitute\/?post_type=event&#038;p=30649"},"modified":"2024-08-14T12:10:33","modified_gmt":"2024-08-14T11:10:33","slug":"energy-related-financial-literacy-bounded-rationality-and-the-energy-efficiency-gap","status":"publish","type":"event","link":"https:\/\/www.lse.ac.uk\/granthaminstitute\/events\/energy-related-financial-literacy-bounded-rationality-and-the-energy-efficiency-gap\/","title":{"rendered":"Energy related financial literacy, bounded rationality and the energy efficiency gap"},"content":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-30650 alignright\" src=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2018\/05\/massimo.person_image.jpeg\" alt=\"\" width=\"128\" height=\"170\" srcset=\"https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2018\/05\/massimo.person_image.jpeg 128w, https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2018\/05\/massimo.person_image-113x150.jpeg 113w, https:\/\/www.lse.ac.uk\/granthaminstitute\/wp-content\/uploads\/2018\/05\/massimo.person_image-38x50.jpeg 38w\" sizes=\"auto, (max-width: 128px) 100vw, 128px\" \/>There is evidence that many individuals make suboptimal investment decisions when the benefits and costs associated with that decision are distributed over time. &nbsp;One example is the decision to adopt new electrical appliances, with the benefits of choosing a more energy efficient device materializing only in the future.<\/p>\n<p>Prof. Filippini will provide a lecture describing the energy efficiency gap, energy literacy, financial literacy, bounded rationality and how these concepts are related. &nbsp;Following this he will describe two randomised-controlled trials which test the impact of decision support tools aiming to encourage the adoption of energy efficient appliances. &nbsp;Public policy implications of the results will then be discussed.<\/p>\n<p><em><strong>This lecture is part of a two day event focusing on energy efficiency taking place at the Grantham Research Institute, LSE on Thursday 31<sup>st<\/sup> May and Friday 1<sup>st<\/sup> June.<\/strong><\/em><\/p>\n<h2>Biography<\/h2>\n<p>Massimo Filippini has held a dual professorship in economics at the ETH Zurich and the Universit&agrave; della Svizzera Italiana since October 1999.&nbsp; He is director of the Centre for Energy Policy and Economics (CEPE) at ETH Z&uuml;rich.&nbsp; He has been a visiting scholar&nbsp;at Harvard University and at&nbsp;MIT.&nbsp; Professor Filippini is a member of several editorial boards and has published several books and book chapters and more than seventy articles in peer-reviewed journals on the following subjects: energy economics and policy, transport economics, health economics, and the economics of public services.<\/p>\n<p><strong>&nbsp;<\/strong><\/p>\n<p>&nbsp;<\/p>\n\n","protected":false},"excerpt":{"rendered":"<!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\">\n<?xml encoding=\"UTF-8\"><p>There is evidence that many individuals make suboptimal investment decisions when the benefits and costs associated with that decision are&hellip;<\/p>\n\n","protected":false},"author":12,"featured_media":0,"template":"","tags":[],"event-type":[36],"topic_area":[4698],"class_list":["post-30649","event","type-event","status-publish","hentry","event-type-public-seminars","topic_area-behavioural-responses"],"acf":{"exclude_from_sync":{"ref_value":"field_560538b0e7350","value":"0","type":false,"post_type":""},"start_date":{"ref_value":"field_52f56b18a98ba","value":"20180531","type":false,"post_type":""},"start_time":{"ref_value":"field_52f56b33a98bb","value":"18:30:00","type":false,"post_type":""},"end_date":{"ref_value":"field_52f56bb58f239","value":"20180531","type":false,"post_type":""},"end_time":{"ref_value":"field_52f56bd38f23a","value":"20:00:00","type":false,"post_type":""},"event_venue":{"ref_value":"field_531c65c575d35","value":"London School of Economics, Tower 2, Room 9.04, Clement's Inn Passage, London, WC2A 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