Amos Tversky ’ s contributions to legal scholarship : Remarks at the BDRM session in honor of Amos Tversky , June 16 , 2006
نویسنده
چکیده
Together with his long-time colleague Daniel Kahneman, Amos Tversky, provided the intellectual infrastructure for contemporary behavioral law and economics. Prospect theory undermines the Coase Theorem, which is the bedrock of traditional law and economics; and the heuristics and biases research questions the fundamental idea of a rational self-interested decisionmaker, which is also challenged by subsequent studies of the role of affect in judgment and
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Amos Tversky and the Ascent of Behavioral Economics
Amos Tversky investigated and explained a wide range of phenomena that lead to anomalous human decisions. His two most significant contributions, both written with Daniel Kahneman, are the decision-making heuristics—representativeness, availability, and anchoring—and prospect theory. Tversky’s concepts have broadly influenced the social sciences. In economics, they gave rise to the burgeoning f...
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