Definition
Behavioral law and economics is a research field in law and economics, which employs methodologies borrowed from behavioral economics. Behavioral economics in turn combines economics and cognitive psychology and produces research results indicating, in general, that individuals’ choices in various decision-making circumstances may depart from what can be predicted from traditional neoclassical economics due to psychological biases. Behavioral law and economics is a relatively new and growing field and has recently been applied to virtually all areas of law, generating interesting and sometimes provocative research results.
Behavioral Law and Economics
Behavioral law and economics is a relatively new field: academic writings began to appear in earnest in the late century. Although it initially focused on a few legal topics, it has recently been applied to virtually all areas of law, generating interesting, and sometimes provocative, research results.
Behavioral law and...
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Ko, H. (2014). Behavioral Law and Economics. In: Backhaus, J. (eds) Encyclopedia of Law and Economics. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-7883-6_100-1
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DOI: https://doi.org/10.1007/978-1-4614-7883-6_100-1
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Publisher Name: Springer, New York, NY
Online ISBN: 978-1-4614-7883-6
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Latest
Behavioral Law and Economics- Published:
- 21 January 2022
DOI: https://doi.org/10.1007/978-1-4614-7883-6_100-2
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Original
Behavioral Law and Economics- Published:
- 07 October 2014
DOI: https://doi.org/10.1007/978-1-4614-7883-6_100-1