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The Law and Economics of Irrational Behavior - (Stanford Economics & Finance) by Francesco Parisi & Vernon L Smith (Paperback)

The Law and Economics of Irrational Behavior - (Stanford Economics & Finance) by  Francesco Parisi & Vernon L Smith (Paperback) - 1 of 1
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Highlights

  • This collection of essays explores the most relevant developments at the interface of economics and psychology, giving special attention to models of irrational behavior, and draws the relevant implications of such models for the design of legal rules and institutions.
  • About the Author: Francesco Parisi is Professor of Law and Director, Law and Economics Program, George Mason University School of Law.
  • 632 Pages
  • Business + Money Management, Economics
  • Series Name: Stanford Economics & Finance

Description



About the Book



This collection of essays explores the most relevant developments at the interface of economics and psychology, giving special attention to models of irrational behavior, and draws the relevant implications of such models for the design of legal rules and institutions.



Book Synopsis



This collection of essays explores the most relevant developments at the interface of economics and psychology, giving special attention to models of irrational behavior, and draws the relevant implications of such models for the design of legal rules and institutions. The application of economic models of irrational behavior to law is especially challenging because specific departures from rational behavior differ markedly from one another.

Furthermore, the analytical and deductive instruments of economic theory have to be reshaped to deal with the fragmented and heterogeneous findings of psychological research, turning towards a more experimental and inductive methodology. This volume brings together pioneering scholars in this area, along with some of the most exciting developments in the field of legal and economic theory. Areas of application include criminal law and sentencing, tort law, contract law, corporate law, and financial markets.



From the Back Cover



This collection of essays explores the most relevant developments at the interface of economics and psychology, giving special attention to models of irrational behavior, and draws the relevant implications of such models for the design of legal rules and institutions. The application of economic models of irrational behavior to law is especially challenging because specific departures from rational behavior differ markedly from one another.
Furthermore, the analytical and deductive instruments of economic theory have to be reshaped to deal with the fragmented and heterogeneous findings of psychological research, turning towards a more experimental and inductive methodology. This volume brings together pioneering scholars in this area, along with some of the most exciting developments in the field of legal and economic theory. Areas of application include criminal law and sentencing, tort law, contract law, corporate law, and financial markets.



About the Author



Francesco Parisi is Professor of Law and Director, Law and Economics Program, George Mason University School of Law. He is co-editor of The Law and Economics of the European Union (2003), Economic Foundations of Private Law (2002), and Law and Economics (1997). Vernon Smith is Nobel Laureate in Economics, 2002, and Professor of Economics and Law, George Mason University.
Dimensions (Overall): 8.9 Inches (H) x 6.4 Inches (W) x 1.32 Inches (D)
Weight: 1.8 Pounds
Suggested Age: 22 Years and Up
Number of Pages: 632
Genre: Business + Money Management
Sub-Genre: Economics
Series Title: Stanford Economics & Finance
Publisher: Stanford Economics and Finance
Format: Paperback
Author: Francesco Parisi & Vernon L Smith
Language: English
Street Date: January 18, 2005
TCIN: 85208741
UPC: 9780804751445
Item Number (DPCI): 247-65-5701
Origin: Made in the USA or Imported
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Shipping details

Estimated ship dimensions: 1.32 inches length x 6.4 inches width x 8.9 inches height
Estimated ship weight: 1.8 pounds
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