Foundational Literature · 1998

Questions of This Material

How should the effectiveness of rules be reassessed once we understand how people actually make choices?

Bibliographic Information

Title
A Behavioral Approach to Law and Economics
Author
Christine Jolls·Cass R. Sunstein·Richard H. Thaler
Year of Publication
1998
Publisher/Medium
Stanford Law Review 50(5), 1471–1550
Material Type
Foundational literature
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Korean Reading Guide

This discussion incorporates bounded rationality, willpower, and self-interest into the analysis of law and economics. Explore how evidence regarding actual human choices alters the assumptions underlying legal rules and policy design.

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