'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 The field of
behavioral economics has contributed greatly to our understanding
of human decision making by refining neoclassical assumptions and
developing models that account for psychological, cognitive, and
emotional forces. The field?s insights have important implications
for law. This Research Handbook offers a variety of perspectives
from renowned experts on a wide-ranging set of topics including
punishment, finance, tort law, happiness, and the application of
experimental literatures to law. It also includes analyses of
conceptual foundations, cautions, limitations and proposals for
ways forward. The leading scholars of law, economics, and
psychology featured in this Research Handbook use their insights to
synthesize and contribute to the extant research at the
intersection of behavioral economics and key areas of law, and to
demonstrate methods for effective original research. With synthetic
literature reviews and original research, conceptual overviews and
critical perspectives, as well as topic-specific chapters, it
provides a strong overview of this burgeoning field. Law and
economics scholars, behavioral law scholars, and behavioral
economists and psychologists dealing with law, judgement and
decision-making will appreciate this Research Handbook?s dedication
to applicable research, and judges, lawmakers, policy advocates and
regulators will note its important practical implications for law
and public policy. Contributors include: S. Agarwal, A. al-Nowaihi,
B.W. Ambrose, J. Baron, M. Bos, G. Charness, T. Chorvat, G.
DeAngelo, S. Dhami, B. Ho, P.H. Huang, D. Huffman, O.D. Jones, C.M.
Landeo, B. Luppi, K. McCabe, G. Mitchell, F. Parisi, S. Payne
Carter, P.M. Skiba, A. Stein, T. Wilkinson-Ryan, E. Xiao, K. Zeiler
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