The Law And Economics Of Irrational Behavior

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The Law and Economics of Irrational Behavior

Francesco Parisi,Vernon L. Smith
The Law and Economics of Irrational Behavior Book PDF

Author : Francesco Parisi,Vernon L. Smith
Publisher : Stanford University Press
Page : 634 pages
File Size : 41,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 0804751447

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The Law and Economics of Irrational Behavior by Francesco Parisi,Vernon L. Smith Pdf

This collection of essays explores the most relevant developments at the interface of economics and psychology, giving special attention to models of irrational behavior, and draws the relevant implications of such models for the design of legal rules and institutions. The application of economic models of irrational behavior to law is especially challenging because specific departures from rational behavior differ markedly from one another. Furthermore, the analytical and deductive instruments of economic theory have to be reshaped to deal with the fragmented and heterogeneous findings of psychological research, turning towards a more experimental and inductive methodology. This volume brings together pioneering scholars in this area, along with some of the most exciting developments in the field of legal and economic theory. Areas of application include criminal law and sentencing, tort law, contract law, corporate law, and financial markets.

Behavioral Law and Economics

Eyal Zamir,Doron Teichman
Behavioral Law and Economics Book PDF

Author : Eyal Zamir,Doron Teichman
Publisher : Oxford University Press
Page : 641 pages
File Size : 48,8 Mb
Release : 2018
Category : Economics
ISBN : 9780190901349

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Behavioral Law and Economics by Eyal Zamir,Doron Teichman Pdf

Economic analysis of law: an overview -- Behavioral studies -- An overview of behavioral law and economics -- Normative implications -- Behavioral insights and basic features of the law -- Property law -- Contract law -- Consumer contracts -- Tort law -- Commercial law -- Administrative, constitutional, and international law -- Criminal law and enforcement -- Tax law and redistribution -- Litigants' behavior -- Judicial decision-making -- Evidence law

The Oxford Handbook of Behavioral Economics and the Law

Eyal Zamir,Doron Teichman
The Oxford Handbook of Behavioral Economics and the Law Book PDF

Author : Eyal Zamir,Doron Teichman
Publisher : Oxford Handbooks
Page : 841 pages
File Size : 54,8 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780199945474

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The Oxford Handbook of Behavioral Economics and the Law by Eyal Zamir,Doron Teichman Pdf

'The Oxford Handbook of Behavioral Economics and Law' brings together leading scholars of law, psychology, and economics to provide an up-to-date and comprehensive analysis of this field of research, including its strengths and limitations as well as a forecast of its future development. Its twenty-nine chapters are organized into four parts.

Behavioral Economics and the Law

Christine Jolls
Behavioral Economics and the Law Book PDF

Author : Christine Jolls
Publisher : Unknown
Page : 95 pages
File Size : 53,9 Mb
Release : 2011
Category : Law
ISBN : 1601983980

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Behavioral Economics and the Law by Christine Jolls Pdf

Behavioral Economics and the Law begins with the early evolution of behavioral economics both outside and within legal policy analysis and then describes the central role of behavioral economics in such analysis today. The "behavioral law and economics" of today is rooted in more traditional law and economics, so it is useful to start with an understanding of the field's jumping-off point. Behavioral law and economics has sought to bring the insights of behavioral economics to bear on many topics within the field of law and economics. Behavioral Economics and the Law describes a number of the central attributes and applications of behavioral law and economics to date. It does not embrace every area in which behavioral economics has become influential in legal policy in America and beyond, but it does seek to give a representative sample of the burgeoning modern field of behavioral law and economics. Section 1 begins with the early development and refinement of one of the pivotal insights of behavioral economics - that people frequently exhibit an endowment effect - both outside and within the field of behavioral law and economics. Section 2 offers a general overview of the features of human decision making that have informed modern behavioral law and economics. Section 3 provides a general typology of legal responses to bounded rationality, bounded willpower, and bounded self-interest. Sections 4 through 6 move from the general to the concrete, offering a range of illustrative applications of behavioral law and economics in the domains of bounded rationality, bounded willpower, and bounded self-interest respectively.

Irrationality in Health Care

Douglas E Hough
Irrationality in Health Care Book PDF

Author : Douglas E Hough
Publisher : Stanford University Press
Page : 312 pages
File Size : 41,7 Mb
Release : 2013-05-15
Category : Business & Economics
ISBN : 9780804785747

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Irrationality in Health Care by Douglas E Hough Pdf

A look at the American health care system through analysis of consumer and provider behavior. The health care industry in the US is peculiar. We spend close to 18% of our GDP on health care, yet other countries get better results—and we don’t know why. To date, we still lack widely accepted answers to simple questions, such as “Would requiring everyone to buy health insurance make us better off?” Drawing on behavioral economics as an alternative to the standard tools of health economics, author Douglas E. Hough seeks to diagnose the ills of health care today more clearly. A behavioral perspective makes sense of key contradictions—from the seemingly irrational choices that we sometimes make as patients, to the incongruous behavior of physicians, to the morass of the long-lived debate surrounding reform. With the new health care law in effect, it is more important than ever that consumers, health care industry leaders, and the policymakers who are governing change reckon with the power and sources of our behavior when it comes to health. Praise for Irrationality in Health Care “Hough does an extraordinary job of distilling the literature and providing key insights to help us understand how health care consumers and providers really behave, and how government can formulate better policy. A must-read for anyone interested in the burgeoning field of behavioral economics and age-old questions in health care.” —Thomas Rice, Distinguished Professor, UCLA Fielding School of Public Health “Hough explains and applies the emerging field of behavioral economics to patient and physician decision making, providing a rationale for seemingly irrational behavior, and its particular usefulness for designing health policies.” —Paul J. Feldstein, University of California, Irvine “Balancing rigor and policy relevance, Hough shows the application of behavioral economics to health policy in a most compelling way. I liked this book so much, I wish I had written it!” —Richard Scheffler, University of California, Berkeley

Behavioral Law and Economics

Eyal Zamir,Doron Teichman
Behavioral Law and Economics Book PDF

Author : Eyal Zamir,Doron Teichman
Publisher : Oxford University Press
Page : 352 pages
File Size : 43,9 Mb
Release : 2018-06-05
Category : Law
ISBN : 9780190901363

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Behavioral Law and Economics by Eyal Zamir,Doron Teichman Pdf

In the past few decades, economic analysis of law has been challenged by a growing body of experimental and empirical studies that attest to prevalent and systematic deviations from the assumptions of economic rationality. While the findings on bounded rationality and heuristics and biases were initially perceived as antithetical to standard economic and legal-economic analysis, over time they have been largely integrated into mainstream economic analysis, including economic analysis of law. Moreover, the impact of behavioral insights has long since transcended purely economic analysis of law: in recent years, the behavioral movement has become one of the most influential developments in legal scholarship in general. Behavioral Law and Economics offers a state-of-the-art overview of the field. Eyal Zamir and Doron Teichman survey the entire body of psychological research that lies at the basis of behavioral analysis of law, and critically evaluate the core methodological questions of this area of research. Following this, the book discusses the fundamental normative questions stemming from the psychological findings on bounded rationality, and explores their implications for setting the law's goals and designing the means to attain them. The book then provides a systematic and critical examination of the contributions of behavioral studies to all major fields of law including: property, contracts, consumer protection, torts, corporate, securities regulation, antitrust, administrative, constitutional, international, criminal, and evidence law, as well as to the behavior of key players in the legal arena: litigants and judicial decision-makers.

Research Handbook on Behavioral Law and Economics

Joshua C. Teitelbaum,Kathryn Zeiler
Research Handbook on Behavioral Law and Economics Book PDF

Author : Joshua C. Teitelbaum,Kathryn Zeiler
Publisher : Edward Elgar Publishing
Page : 544 pages
File Size : 48,7 Mb
Release : 2024-06-10
Category : Electronic
ISBN : 9781849805681

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Research Handbook on Behavioral Law and Economics by Joshua C. Teitelbaum,Kathryn Zeiler Pdf

The field of behavioral economics has contributed greatly to our understanding of human decision making by refining neoclassical assumptions and developing models that account for psychological, cognitive, and emotional forces. The field’s insights have important implications for law. This Research Handbook offers a variety of perspectives from renowned experts on a wide-ranging set of topics including punishment, finance, tort law, happiness, and the application of experimental literatures to law. It also includes analyses of conceptual foundations, cautions, limitations and proposals for ways forward.

Law and Economics of Regulation

Klaus Mathis,Avishalom Tor
Law and Economics of Regulation Book PDF

Author : Klaus Mathis,Avishalom Tor
Publisher : Springer Nature
Page : 327 pages
File Size : 51,9 Mb
Release : 2021-04-24
Category : Law
ISBN : 9783030705305

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Law and Economics of Regulation by Klaus Mathis,Avishalom Tor Pdf

This book explores current issues regarding the regulation of various economic sectors, theoretically and empirically, discussing both neoclassical and behavioural economics approaches to regulation. Regulation has become one of the main determinants of modern economies, and virtually every sector is subject to general laws and regulations as well as specific rules and standards. A traditional argument to justify regulatory interventions is the promotion of public interests. Fixing markets that lack competition, balancing information asymmetries, internalising externalities, mitigating systemic risks, and protecting consumers from irrational behaviour are frequently invoked to complement the invisible hand of the market with the visible hand of the state.However, regulations can lead to unintended consequences, and serve the interests of powerful private interest groups rather than the public interest and social welfare. In addition, new insights from behavioural economics question the traditional regulatory approaches, most prominently in attitudes towards consumers. Furthermore, digitalisation and technological innovation in general present new challenges in terms of both the type of regulation and the regulatory process.Part I of this book discusses various theoretical approaches to the economic analysis of regulations, while Part II looks at specific applications of the law and economics of regulation.

Advanced Introduction to Behavioral Law and Economics

Cass R. Sunstein
Advanced Introduction to Behavioral Law and Economics Book PDF

Author : Cass R. Sunstein
Publisher : Edward Elgar Publishing
Page : 151 pages
File Size : 45,9 Mb
Release : 2023-12-11
Category : Business & Economics
ISBN : 9781035323159

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Advanced Introduction to Behavioral Law and Economics by Cass R. Sunstein Pdf

This highly informative Advanced Introduction explores the diverse and far-reaching legal implications of some of the key findings of behavioral economics. This Advanced Introduction provides a much-needed assessment and analysis of the law as a critical domain for the use of behavioral economics, and investigates how techniques including nudging, mandates, and taxes can be used to enhance the effectiveness and improve the implementation of the law.

The Future of Law and Economics

Guido Calabresi
The Future of Law and Economics Book PDF

Author : Guido Calabresi
Publisher : Yale University Press
Page : 248 pages
File Size : 45,9 Mb
Release : 2016-01-28
Category : Law
ISBN : 9780300216264

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The Future of Law and Economics by Guido Calabresi Pdf

In a concise, compelling argument, one of the founders and most influential advocates of the law and economics movement divides the subject into two separate areas, which he identifies with Jeremy Bentham and John Stuart Mill. The first, Benthamite, strain, “economic analysis of law,” examines the legal system in the light of economic theory and shows how economics might render law more effective. The second strain, law and economics, gives equal status to law, and explores how the more realistic, less theoretical discipline of law can lead to improvements in economic theory. It is the latter approach that Judge Calabresi advocates, in a series of eloquent, thoughtful essays that will appeal to students and scholars alike.

The Economic Approach to Human Behavior

Gary S. Becker
The Economic Approach to Human Behavior Book PDF

Author : Gary S. Becker
Publisher : University of Chicago Press
Page : 321 pages
File Size : 54,7 Mb
Release : 2013-02-06
Category : Business & Economics
ISBN : 9780226217062

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The Economic Approach to Human Behavior by Gary S. Becker Pdf

Since his pioneering application of economic analysis to racial discrimination, Gary S. Becker has shown that an economic approach can provide a unified framework for understanding all human behavior. In a highly readable selection of essays Becker applies this approach to various aspects of human activity, including social interactions; crime and punishment; marriage, fertility, and the family; and "irrational" behavior. "Becker's highly regarded work in economics is most notable in the imaginative application of 'the economic approach' to a surprising breadth of human activity. Becker's essays over the years have inevitably inspired a surge of research activity in testimony to the richness of his insights into human activities lying 'outside' the traditionally conceived economic markets. Perhaps no economist in our time has contributed more to expanding the area of interest to economists than Becker, and a number of these thought-provoking essays are collected in this book."—Choice Gary Becker was awarded the Nobel Prize in Economic Science in 1992.

Is Behavioral Economics Doomed?

David K. Levine
Is Behavioral Economics Doomed Book PDF

Author : David K. Levine
Publisher : Open Book Publishers
Page : 154 pages
File Size : 53,6 Mb
Release : 2012
Category : Business & Economics
ISBN : 9781906924928

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Is Behavioral Economics Doomed? by David K. Levine Pdf

In this book, David K. Levine questions the idea that behavioral economics is the answer to economic problems. He explores the successes and failures of contemporary economics both inside and outside the laboratory, and asks whether popular behavioral theories of psychological biases are solutions to the failures. The book not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them.

Economic Fables

Ariel Rubinstein
Economic Fables Book PDF

Author : Ariel Rubinstein
Publisher : Open Book Publishers
Page : 266 pages
File Size : 47,6 Mb
Release : 2012
Category : Biography & Autobiography
ISBN : 9781906924775

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Economic Fables by Ariel Rubinstein Pdf

"I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model." Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts in modern economic thought, Ariel Rubinstein offers some powerful and entertaining reflections on his childhood, family and career. In doing so, he challenges many of the central tenets of game theory, and sheds light on the role economics can play in society at large. Economic Fables is as thought-provoking for seasoned economists as it is enlightening for newcomers to the field.

The Oxford Handbook of Behavioral Economics and the Law

Eyal Zamir,Doron Teichman
The Oxford Handbook of Behavioral Economics and the Law Book PDF

Author : Eyal Zamir,Doron Teichman
Publisher : Oxford University Press
Page : 496 pages
File Size : 40,6 Mb
Release : 2014-09-16
Category : Business & Economics
ISBN : 9780199397952

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The Oxford Handbook of Behavioral Economics and the Law by Eyal Zamir,Doron Teichman Pdf

The past twenty years have witnessed a surge in behavioral studies of law and law-related issues. These studies have challenged the application of the rational-choice model to legal analysis and introduced a more accurate and empirically grounded model of human behavior. This integration of economics, psychology, and law is breaking exciting new ground in legal theory and the social sciences, shedding a new light on age-old legal questions as well as cutting edge policy issues. The Oxford Handbook of Behavioral Economics and Law brings together leading scholars of law, psychology, and economics to provide an up-to-date and comprehensive analysis of this field of research, including its strengths and limitations as well as a forecast of its future development. Its 29 chapters organized in four parts. The first part provides a general overview of behavioral economics. The second part comprises four chapters introducing and criticizing the contribution of behavioral economics to legal theory. The third part discusses specific behavioral phenomena, their ramifications for legal policymaking, and their reflection in extant law. Finally, the fourth part analyzes the contribution of behavioral economics to fifteen legal spheres ranging from core doctrinal areas such as contracts, torts and property to areas such as taxation and antitrust policy.

Law and Economics

Aristides N. Hatzis,Nicholas Mercuro
Law and Economics Book PDF

Author : Aristides N. Hatzis,Nicholas Mercuro
Publisher : Routledge
Page : 447 pages
File Size : 43,9 Mb
Release : 2015-02-11
Category : Business & Economics
ISBN : 9781317550310

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Law and Economics by Aristides N. Hatzis,Nicholas Mercuro Pdf

The Law and Economics approach to law dominates the intellectual discussion of nearly every doctrinal area of law in the United States and its influence is growing steadily throughout Europe, Asia, and South America. Numerous academics and practitioners are working in the field with a flow of uninterrupted scholarship that is unprecedented, as is its influence on the law. Academically every major law school in the United States has a Law and Economics program and the emergence of similar programs on other continents continues to accelerate. Despite its phenomenal growth, the area is also the target of an ongoing critique by lawyers, philosophers, psychologists, social scientists, even economists since the late 1970s. While the critique did not seem to impede the development of the field, it certainly has helped it to become more sophisticated, inclusive, and mature. In this volume some of the leading scholars working in the field, as well as a number of those critical of Law and Economics, discuss the foundational issues from various perspectives: philosophical, moral, epistemological, methodological, psychological, political, legal, and social. The philosophical and methodological assumptions of the economic analysis of law are criticized and defended, alternatives are proposed, old and new applications are discussed. The book is ideal for a main or supplementary textbook in courses and seminars on legal theory, philosophy of law, jurisprudence, and (of course) Law and Economics.