Behavioral Law and Economics (eBook, PDF)

Redaktion: Sunstein, Cass R.

• Format: PDF

Produktbeschreibung

This exciting volume marks the birth of a new field, one which attempts to study law with reference to an accurate understanding of human behavior. It reports new findings in cognitive psychology which show that people are frequently both unselfish and over-optimistic; that people have limited willpower and limited self-control; and that people are 'boundedly' rational, in the sense that they have limited information-processing powers, and frequently rely on mental short-cuts and rules of thumb. Understanding this behavior has large-scale implications for the analysis of law, in areas including environmental protection, taxation, constitutional law, voting behavior, punitive damages for civil rights violations, labor negotiations, and corporate finance. With a better knowledge of human behavior, it is possible to predict the actual effects of law, to see how law can promote society's goals, and to reassess the questions of what law should be doing.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 28. März 2000
• Englisch
• ISBN-13: 9781316046524
• Artikelnr.: 41327440

Inhaltsangabe

Introduction Cass R. Sunstein; Part I. Overviews and Prospects: 1. A
behavioral approach to law and economics Christine Jolls, Cass R. Sunstein
and Richard Thaler; Part II. Heuristics and Biases: Shortcuts, Errors and
Legal Decisions: 2. Context-dependence in legal decision making Mark
Kelman, Yuval Rottenstreich and Amos Tversky; 3. A positive psychological
theory of judging in hindsight Jeffrey J. Rachlinski; 4. Behavioral
economics, contract formation, and contract law Russell Korobkin; 5.
Organized illusions: a behavioral theory of why corporations mislead stock
market investors (and cause other social harms) Donald C. Langevoort; 6.
Reluctance to vaccinate: omission bias and ambiguity Ilana Ritov and
Jonathan Baron; 7. Second-order decisions Cass R. Sunstein and Edna
Ullmann-Margalit; Part III. Valuation: Values and Dollars in the Legal
System: 8. Experimental tests of the endowment effect and the cause theorem
Daniel J. Kahneman, Jack L. Knetsch and Richard H. Thaler; 9. Assessing
punitive damages (with notes on cognition and valuation in law) Cass R.
Sunstein, Daniel J. Kahneman and David Schkade; 10. Framing the jury:
cognitive perspective on pain and suffering award Edward J. McCaffery,
Daniel J. Kahneman and Matthew L. Spitzer; 11. Behavioral economic analysis
of redistributive legal rules Christine Jolls; 12. Do parties to nuisance
cases bargain after judgment? A glimpse inside the cathedral Ward
Fransworth; Part IV. The Demand for Law: Why Law Is As It Is: 13. Some
implications of cognitive psychology for risk regulation Roger G. Noll and
James E. Krier; 14. Explaining bargaining impasse: the role of self-serving
biases Linda Babcock and George Loewenstein; 15. Controlling availability
cascades Timur Kuran and Cass R. Sunstein; 16. Cognitive theory and tax
Edward J. McCaffery.