Governing America: the Emergence of Behavioral Law and Economics
Title: Governing America: the Emergence of Behavioral Law and Economics
Author: JOLLS, Christine
Series/Report no.: EUI MWP LS; 2010/03
Bounded rationality is an important and pervasive characteristic of much human behavior. Legal policy under American President Barack Obama has been strongly influenced by behavioral economics' understanding of boundedly rational behavior. Often legal policy should, and does, attempt to achieve debiasing of actors in response to boundedly rational behavior.
Subject: behavioral law and economics; bounded rationality; debiasing through law
The lecture was delivered on 28 January 2009.
Type of Access: openAccess