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This exciting volume marks the birth of a new fielda field that studies law with reference to an accurate, rather than a crude, understanding of human behavior. Behavioral Law and Economics presents new findings in cognitive psychology and behavioral economics, which show that people are frequently both unselfish and overoptimistic; that people have limited willpower and limited selfcontrol; and that people are boundedly rational, in the sense that they have limited informationprocessing powers, and frequently rely on mental shortcuts and rules of thumb. Understanding this kind of human behavior has largescale implications for the analysis of law, in areas including environmental protection, taxation and tax compliance, constitutional law, voting behavior, punitive damages for civil rights violations, labor negotiations and strikes, and corporate finance. Behavioral Law and Economics offers many new insights into these fields and suggestions for legal reform. With a better knowledge of human behavior, it is possible to predict the actual effects of law, to see how law might actually promote societys goals, and to reassess the questions of what law should be doing.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
I picked this up for a course on economics, and I've found it useful for understanding the intersection of law and economic theory. However, the writing can get a bit convoluted, which made studying a bit challenging. Still, some great concepts are presented here.
C
Carlos Ramirez
Good insights, but could be clearer
I picked this up for a course on economics, and I've found it useful for understanding the intersection of law and economic theory. However, the writing can get a bit convoluted, which made studying a bit challenging. Still, some great concepts are presented here.
N
Nina Gupta
A fascinating read on decision-making
This book dives deep into how we make choices and the economic implications of our decisions. The research is solid and really makes you think about everyday choices. I appreciate the thoroughness, but some sections felt a bit dense at times.
N
Nina Gupta
A fascinating read on decision-making
This book dives deep into how we make choices and the economic implications of our decisions. The research is solid and really makes you think about everyday choices. I appreciate the thoroughness, but some sections felt a bit dense at times.
E
Emily Zhang
Not what I expected at all
I was hoping for a practical guide but found it to be more academic than anticipated. A few chapters were interesting, but overall I struggled to stay engaged. Might be better suited for someone who really loves dense theories.
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⚠️ California Proposition 65 Warning: Some products sold on this website may expose you to chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm. For more information, visit www.P65Warnings.ca.gov.
