sunk cost flooding - Chris Aldrich

We definitely need to quit putting good money after bad. How can we motivate people not to rebuild or move to these poor places?

Does behavioral economics have any hints? #openquestion

Source

The federal National Flood Insurance Program has paid to rebuild houses that have flooded six times over in the same spot. ¹

tags:

links: climate crisis sunk cost fallacy flooding policy

connected ideas:

Climate Change Will Force a New American Migration | syndication link ↩︎

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Date

September 15, 2020

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