Foundations of Law and Economics
A Behavioral Approach to Law and Economics
Christine Jolls, Cass R. Sunstein, and Richard H. Thaler
- Year
- 1998
- Venue
- Stanford Law Review
- Level
- Advanced
Summary
Sets out behavioral law and economics as a program for legal analysis that relaxes neoclassical assumptions about rationality, willpower, and self-interest. The article organizes the field around positive prediction, prescriptive legal design, and normative evaluation, asking how legal rules should respond when real actors depart from the rational-actor model.
Citation
Christine Jolls, Cass R. Sunstein, and Richard H. Thaler. "A Behavioral Approach to Law and Economics." Stanford Law Review, 1998.
BibTeX
@article{Jolls1998A,
title = {A Behavioral Approach to Law and Economics},
author = {Christine Jolls, Cass R. Sunstein, and Richard H. Thaler},
year = {1998},
journal = {Stanford Law Review},
url = {https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2292029}
}