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Behavioral Law and Economics$
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Eyal Zamir and Doron Teichman

Print publication date: 2018

Print ISBN-13: 9780190901349

Published to Oxford Scholarship Online: June 2018

DOI: 10.1093/oso/9780190901349.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 18 October 2019

An Overview of Behavioral Law and Economics

An Overview of Behavioral Law and Economics

Chapter:
(p.141) 3 An Overview of Behavioral Law and Economics
Source:
Behavioral Law and Economics
Author(s):

Eyal Zamir

Doron Teichman

Publisher:
Oxford University Press
DOI:10.1093/oso/9780190901349.003.0004

The chapter introduces behavioral law and economics. It is divided into three sections. The first section describes the history of behavioral law and economics since the late 1970s. The second section discusses the methodologies used in this sphere, including the emergence of empirical legal studies. Empirical legal studies include lab-experimental, observational, and field-experimental studies—the last category comprising randomized field experiments and natural experiments. Finally, the chapter analyzes the challenges facing this emerging, cross-disciplinary perspective. These challenges include critiques of the psychological studies that form the basis of behavioural law and economics, such as the issues of external validity of laboratory experiments. They also include difficulties in integrating behavioural insights into economic analysis of law.

Keywords:   behavioral law and economics, empirical legal studies, experimental legal studies, external validity, normative implications

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