Law and Behavioral Economics
نویسنده
چکیده
Although the impact of economics on the analysis and practice of law is beyond any reasonable doubt, such impact and influence has been decreasing over time. This may be partly due to the fact that many economists seem to have forgotten the practical goals with which the field of law and economics was endowed. But it may also be due to the fact that researchers in behavioral economics found an audience more than ready to believe that individuals do not really behave as predicted by theory of rational choice. This article explores the behavior of individuals subject to bounded rationality and the implications of such behavior for lawmaking. * IESE / Avda. Pearson 21 / 08034 Barcelona / Spain TEL: (34-93) 253-4200 / FAX: (34-93) 253-4343 / EMAIL: [email protected] ** This article was prepared for presentation in the 2001 meetings of the Latin American Law and Economics Association (October 25-26, Santiago, Chile).
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