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« BC Bonanza from @POLISWater! Reports on Watershed Governance Case Study, Blueprints & More! | Main | Elaine J. Hanford's Bulletin Boards: 1) Geosciences; 2) Enviro-Sciences - 15 September 2014 »

Sunday, 14 September 2014

The Value of Water: How We View It (Thanks to Banksy)

It's rare that on the same day I post the same item on WaterWired and my personal blog Campanastan but since I am reading David Zetland's Living with Water Scarcity now I thought this graphic extremely relvant to drought, scarcity, and how we value (or don't value) water.

 I suspect street artist Banksy did not intend this to apply to water but perhaps I am wrong. Either way, it's worth posting and reflecting upon. 

BxcvzuzCYAACdIp

"A cynic is a man who knows the price of everything and the value of nothing." - Oscar Wilde

Posted on Sunday, 14 September 2014 at 01:45 PM in Bottled Water and Tap/Drinking Water, Law & Economics, Readings, Journals, Videos, Films & Visuals, Water Quantity & Availability |

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Account Deleted

Kahnemann and Tversky described this effect (loss aversion) and got a Nobel prize. I think their paper was longer, though :)

Posted by: Account Deleted | Tuesday, 16 September 2014 at 07:45 AM

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