Behavioral Law and Economics by Cass R Sunstein

Behavioral Law and Economics by Cass R Sunstein

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Summary

This is the first book that tries to analyze law by showing how people actually behave. It emphasizes that people are frequently unselfish, have limited willpower and self-control, and often rely on mental short-cuts and rules of thumb. It offers important new insights and suggestions for legal reform.

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Behavioral Law and Economics by Cass R Sunstein

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.
"Human psychology is complicatedThe law and economics paradigm traditionally has treated it as simple. This volume splendidly marshals leading works by scholars whoin pursuit of realism--seek to add complexity to the traditional paradigm. A significant landmark in the field of law and social science." Robert C. Ellickson, Walter E. Meyer Professor of Property and Urban Law, Yale Law School
"...this is a valuable contribution to the study of law and courts....This compilation serves to focus discussion on a set of particularly important theoretical challenges to the standard economic model. Thus, this book belongs on the shelf of any student of the law and courts who advocates or challenges the rational choice model of decision making on the courts." Paul J. Wahlbeck, The Law & Politics Book Review
"...the essays in this book provide a clear and vivid introduction into a research program that promises to illuminate our understanding of how law influences behavior." New York Law Journal
Sunstein, Cass R.: - Cass R. Sunstein teaches law and political science at the University of Chicago.
SKU Unavailable
ISBN 13 9780521667432
ISBN 10 0521667437
Title Behavioral Law and Economics
Author Cass R Sunstein
Series Cambridge Series On Judgment And Decision Making
Condition Unavailable
Binding Type Paperback
Publisher Cambridge University Press
Year published 2000-03-28
Number of pages 448
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.