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Item Details
Title: THE LAW AND ECONOMICS OF IRRATIONAL BEHAVIOR
By: Francesco Parisi (Editor), Vernon L. Smith (Editor)
Format: Hardback

List price: £70.00


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ISBN 10: 0804751439
ISBN 13: 9780804751438
Publisher: STANFORD UNIVERSITY PRESS
Pub. date: 18 January, 2005
Pages: 632
Description: 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.
Synopsis: 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 together pioneering scholars in this area, along with some of the most exciting developments in the field of legal and economic theory. Areas of application include criminal law and sentencing, tort law, contract law, corporate law, and financial markets.
Illustrations: 20 tables, 27 figures
Publication: US
Imprint: Stanford University Press
Returns: Non-returnable
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