Behavioral Economic Analysis of Law argues that people do not behave consistent with rational choice theory, and moreover that the deviations from rational behavior are systematic. These systematic deviations from rational choice theory present a challenge to conventional Law and Economics....

Rational and irrational people are typically held to an identical tort standard when it is a question of their own liability. On the other hand, when it is a question of whether someone else has encouraged some dangerous behavior, as under the doctrines of duty and proximate cause, the...

Behavioral economics has been a growing force in many fields of applied economics, including public economics, labor economics, health economics, and law and economics. This paper describes and assesses the current state of behavioral law and economics. Law and economics had a critical (though...