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9781789909265

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`In order to use law to improve social welfare, scholars and policy makers need to be able to predict how people will respond to the legal change. To do so, they must understand when and how decisions are affects by systematic biases and heuristics, including how people respond to changes in either the legal or institutional environment. In this path-breaking volume, Professors Teitelbaum and Zeiler have assembled leading scholars from a variety of disciplines to enrich our understanding of human decision-making and analyze the implications of behavioral analysis for a wide range of legal issues, including antitrust, consumer finance, criminal law, torts, and property. This book will be enormously valuable for students, scholars and policy makers.' -- Jennifer Arlen, New York University, School of Law, US `Behavioral law and economics is ascending. Teitelbaum and Zeiler, leaders in this emerging field, have put together an indispensable volume, including helpful literature reviews, new findings and critically important methodological discussions. These contributions are mandatory reading for researchers in the field and, more importantly, for policymakers that move, sometimes too quickly, to translate the research into law.' -- Oren Bar-Gill, Harvard Law School, US `This breathtaking volume on behavioral law and economics testifies to the field's depth, breadth, and impact. Professors Teitelbaum and Zeiler have gathered a veritable who's who of leading thinkers and researchers who variously define, defend, extend, and critique the field. For the uninitiated, this volume provides a valuable introduction to behavioral law and economics; for scholars in the field, this is truly indispensable reading.' -- Chris Guthrie, Vanderbilt Law School, US `What does behavioral economics have on offer for the law? This Research Handbook forcefully cautions against the simplistic response: realism. For well-selected subfields of law, like antitrust, punishment or torts, it demonstrates the power of taking motivation and cognition seriously. But this requires mastering the emerging behavioral theory, and carefully gauging the facetted empirical evidence. The reader is guided towards the relevant literatures in economics and psychology, and learns how to read them. This Research Handbook will help lawyers make a most timely behavioral turn.' -- Christoph Engel, Max Planck Institute for Research on Collective Goods, Germany

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Edited by Joshua C. Teitelbaum, Georgetown University Law Center and Kathryn Zeiler, Boston University, School of Law, US

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