The law and economics of irrational behavior / edited by Francesco Parisi and Vernon L. Smith.

Format:

Book

Contributor:

Parisi, Francesco, 1962-

Smith, Vernon L.

Language:

English

Subjects (All):

Law and economics.

Rational choice theory.

Deviant behavior.

Law--Economic aspects--United States.

Law.

Law--Economic aspects.

United States.

Physical Description:

xvi, 613 pages : illustrations ; 24 cm

Place of Publication:

Stanford, Calif. : Stanford Economics and Finance, Stanford University Press, [2005]

Summary:

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.

Contents:

Departures from rational choice : with and without regret / Robert Frank

Is the mind irrational or ecologically rational? / Gerd Gigerenzer

Lessons from neuroeconomics for the law / Kevin McCabe, Vernon Smith, and Terrence Chorvat

Treating yourself instrumentally : internalization, rationality and law / Robert Cooter

Addition, choice and irrationalit[y] / Ole Skog

Revenge and retaliation / Vincy Fon and Francesco Parisi

What makes trade possible? / Elizabeth Hoffman, Kevin McCabe, and Vernon Smith

Satisfaction and learning : an experimental game to measure happiness / Marco Novarese and Salvatore Rizzello

The market for laughter / F.H. Buckley

The jurisprudence of craziness / Stephen Morse

On law enforcement with boundedly rational actors / Christine Jolls

The biology of irrationality : crime and the contingency of deterrence / Michael O'Neill

Analyzing illicit drug markets when dealers act with limited rationality / Jonathan Caukins and Robert J. MacCoun

On the psychology of punishment / Cass Sunstein

Some well-aged wines for the "new norms" bottles : implications of social psychology for law and economics / Yuval Feldman and Robert MacCoun

Human fallibility and the forms of law : the case of traffic safety / Thomas Ulen

The free radicals of tort / Mark Grady

Probability errors : some positive and normative implications for tort and contract law / Eric Posner

Threatening an irrational breach of contract / Oren Bar-Gill and Omri Ben-Shahar

Regulating irrational exuberance and anxiety in securities markets / Peter Huang

In praise of investor irrationality / Jeffrey Rachlinski and Gregory LeBlanc.

Notes:

Includes bibliographical references (pages [581]-588) and index.

ISBN:

0804751439

0804751447

OCLC:

56532531