I found Dr. Kurt Schwabe talk on water conservation to be very insightful. The drought is a hot topic all throughout California right now and Dr. Schwabe presented a new perspective that I had not heard before. I occasionally read literature on California drought, so I had some knowledge on this issue already.
What I really enjoyed was that he went into detail explaining how municipalities are attempting to handle the water crisis. Dr. Schwabe information on the various pricing structures for water districts was insightful. Testing to see how people react to the different pricing structures is behavioral economics. People do not always react in a linear fashion when it comes to price change. I knew that it was more likely for people to reduce
What I really enjoyed was that he went into detail explaining how municipalities are attempting to handle the water crisis. Dr. Schwabe information on the various pricing structures for water districts was insightful. Testing to see how people react to the different pricing structures is behavioral economics. People do not always react in a linear fashion when it comes to price change. I knew that it was more likely for people to reduce