“…While a sociohydrologic approach has been applied in risk science (Di Baldassarre, Kooy, Kemerink, & Brandimarte, ; Di Baldassarre et al, ; Di Baldassarre et al, ; Gober & Wheater, ; Khan et al, ; Kuil, Carr, Viglione, Prskawetz, & Bloschl, ; Van Emmerik et al, ), most attempts have focused on the actions of a rational, single‐actor group at the expense of interaction between, and bounded rational behavior of, individuals, collective water users, and institutions (Bouziotas & Ertsen, ; Mostert, ; Noël & Cai, ). This limitation highlights an opportunity to better study and understand how the emergence of heterogeneous adaptation across space and time can influence risk (Holman, Brown, Carter, Harrison, & Rounsevell, ). This is particularly relevant for simulating counter‐intuitive feedbacks to water consumption influenced by changing risk perceptions (Box 2).…”