Law and Behavioral Science: Removing the Rationality Assumption from Law and Economics

As law and economics turns forty years old, its continued vitality is threatened by its unrealistic core behavioral assumption: that people subject to the law act rationally. Professors Korobkin and Ulen argue that law and economics can reinvigorate itself by replacing the rationality assumption wit...

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Veröffentlicht in:	California law review 2000-07, Vol.88 (4), p.1051-1144
Hauptverfasser:	Korobkin, Russell B., Ulen, Thomas S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Behavior Behavioral decision theory Behavioral sciences Cognitive psychology Cost efficiency Defendants Economic analysis Economic theory Economics Expected utility Heuristics Law Rational choice theory Rationality Self interest Social norms Sociology
Online-Zugang:	Volltext
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