The Law and Economics of Irrational Behavior
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.
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action actors actual addiction agent aggression analysis assume behavior believe bias Cambridge cause choose cognitive condition consider contract cooperation costs court criminal decision defendant desire discussion drug effect efficient emotional enforcement errors evidence example expected experiment explain fact fairness function given harm heuristic human important increase individual influence investment investors irrational Journal judgment Kahneman law and economics Law Review lead less liability limited mean mental moral motivated nature norms noted optimism outcome particular party payoff person play player positive possible predict preferences present probability problem produce psychology punishment question rational choice rational choice theory reason regulation relative responsible result retaliation risk rules securities selling social standard subjects suggests theory threat tion tort trading understand utility
Connectionist Models of Cognition and Perception II: Proceedings of the ...
Howard Bowman,Christophe Labiouse
Náhled není k dispozici. - 2004