The Law And Economics Of Irrational Beha
. Ed(S): Parisi, Francesco; Smith, Vernon L.
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 ... Read more
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About . Ed(S): Parisi, Francesco; Smith, Vernon L.
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