BEHAVIORAL LAW & ECONOMICS
Behavioral Law and Economics
Understanding real-world judgments and choices to seek better consumer protection and institutional design.
Perspective of This Topic
People do not make choices after reading all information and calculating. Limited attention, habits, time pressure, and screen layout also influence judgment. Behavioral law and economics verifies these conditions through experiments and observation, analyzing how institutional mechanisms such as disclosure, consent, and defaults actually induce behaviors.
Three Axes of Analysis
- Context of choice: Differentiating the effects of information quantity, representation, order, and defaults on judgment.
- Consumer protection: Examining the gap between formal consent and choices based on understanding.
- Empirical verification: Comparing average effects of interventions, group differences, and effects over time.
Related Projects and Research Materials
Connected Research Commentary
The Environment of Choice Is Also Part of the Institution
Defaults, Loss Aversion, and Consumer Judgment