The Law and Economics of Irrational Behavior

by Vernon L. Smith

Book Overview

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.

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• Format: Paperback
• Language: English
• ISBN: 0804751447
• ISBN13: 9780804751445
• Release Date: January 2005
• Publisher: Stanford Economics and Finance
• Length: 632 Pages
• Weight: 1.80 lbs.
• Dimensions: 1.3" x 6.4" x 8.9"