De-Extinction and the Risk of Moral Hazard

Moral hazard occurs when the presence or promise of a new technology or policy reduces incentives for responsible behaviour, because the consequences of risky behaviour are perceived to be reduced, transferred, or mitigated. Moral hazard risk has been widely empirically investigated in the case of geoengineering for climate change, but other novel technologies have not been subject to such scrutiny. Ever since de-extinction was announced to the public as a viable possibility with modern biotechnology, a series of commentators have argued that the promise of de-extinction will create a moral hazard. The thought is that extinction has been perceived as permanent. Any change in this belief, such as the idea that species can be brought back, potentially undermines the motivation for current conservation efforts. This is an empirical claim that we investigate. Our study assesses the public's support for conservation in scenarios that promise the use of de-extinction to address actions that are likely to cause extinction. We did not find that people were more likely to accept the extinction of a species if its de-extinction was promised in the future. We did, however, find an association between extinction acceptance and judgments that de-extinction could successfully resurrect species. The findings of this study represent a crucial step in assessing the risks novel biotechnology creates.