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Behavioral Law and Economics

Eyal Zamir and Doron Teichman

Abstract

In the past few decades, economic analysis of law has been challenged by a growing body of experimental and empirical studies that attest to prevalent and systematic deviations from the assumptions of economic rationality. While the findings on bounded rationality and heuristics and biases were initially perceived as antithetical to standard economic and legal-economic analysis, over time they have been largely integrated into mainstream economic analysis, including economic analysis of law. Moreover, the impact of behavioral insights has long since transcended purely economic analysis of law: ... More

Keywords: behavioral analysis of law, law and economics, psychology, bounded rationality, heuristics and biases, private law, commercial law, public law, procedural law. judicial decision-making

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780190901349
Published to Oxford Scholarship Online: June 2018 DOI:10.1093/oso/9780190901349.001.0001

Authors

Affiliations are at time of print publication.

Eyal Zamir, author
Augusto Levi Professor of Commercial Law, Faculty of Law, The Hebrew University of Jerusalem

Doron Teichman, author
Vice Dean and Jacob I. Berman Chair in Law, Faculty of Law, The Hebrew University of Jerusalem