Abstract

GARCIA SIERRA, RODOLFO  and  ZERDA SARMIENTO, ÁLVARO. Function of value characterization used by large organizations in environmental decisions: a study of the major hydroelectric projects in Colombia. Rev.fac.cienc.econ. [online]. 2018, vol.26, n.1, pp.69-91. ISSN 0121-6805.  https://doi.org/10.18359/rfce.1884.

This research offers an explanation of one of the generating sources of high levels of conflict, currently predictable among local communities and the construction of hydroelectric megaprojects in Colombia, through an endogenous view of large organizations, specifically in their process of taking of environmental decisions based on expert judgment. In this case the analysis is applied to the construction of hydroelectric megaprojects (> 350 MW) in Colombia during the period 2010 to 2020. The research uses the cumulative prospective theory (CPT). It begins by determining the use of the heuristic of availability and its quantification, based on the criteria of ease of recall and answers deliberation time. Next step, the function of preferences of the experts is characterized, determining the dimensions in which there are zones of aptitudes of gain (highs and lows) and zones of aptitudes of losses (lows and highs). Its application to organizations according to the simulations carried out, allows to improve the influence of local communities in environmental decisions, taking into account the results on the aptitudes of losses experienced by decision makers, in response to external requests in the technological and environmental dimensions.

Keywords : Cumulative prospective theory; Expert judgment; Decision making; Megaprojects; Hydroelectric.

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