Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Prospect theory posits that people do not perceive outcomes as final states of wealth or welfare, but rather as gains or losses in relation to some reference point. People are generally loss averse: the disutility generated by a loss is greater than the utility produced by a commensurate gain. Loss aversion is related to such phenomena as the status quo and omission biases, the endowment effect, and escalation of commitment. The book systematically analyzes the relationships between loss aversion and the law.

Law and economics --- Economics --- Actions and defenses --- Loss aversion --- Cognitive psychology --- Law, Politics & Government --- Law, General & Comparative --- Psychological aspects --- Psychology, Cognitive --- Cognitive science --- Psychology --- Aversion, Loss --- Utility theory --- Civil actions --- Defense (Law) --- Interpleader --- Lawsuits --- Litigation --- Personal actions --- Real actions --- Suits (Law) --- Court proceedings --- Procedure (Law) --- Trial practice --- Civil procedure --- Remedies (Law) --- Behavioral economics --- Behavioural economics --- Economics and jurisprudence --- Economics and law --- Jurisprudence and economics --- Jurisprudence --- Law and legislation

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Law and economics --- Economics --- Human behavior models --- Behavioral modeling --- Behavioral models --- Modeling human behavior --- Models of behavior --- Psychology --- Behavioral economics --- Behavioural economics --- Economics and jurisprudence --- Economics and law --- Jurisprudence and economics --- Jurisprudence --- Psychological aspects --- Economic aspects --- Methodology --- Psychological aspects. --- Economic aspects. --- Law and economics - Psychological aspects --- Economics - Psychological aspects --- Human behavior models - Economic aspects

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

In the past few decades, economic analysis of law has been challenged by a growing body of experimental and empirical studies that attest to prevalent and systematic deviations from the assumptions of economic rationality. While the findings on bounded rationality and heuristics and biases were initially perceived as antithetical to standard economic and legal-economic analysis, over time they have been largely integrated into mainstream economic analysis, including economic analysis of law. Moreover, the impact of behavioral insights has long since transcended purely economic analysis of law: in recent years, the behavioral movement has become one of the most influential developments in legal scholarship in general. 'Behavioral Law and Economics' offers a state-of-the-art overview of the field.

Law and economics --- Economics --- Human behavior models --- Psychological aspects. --- Economic aspects. --- Behavioral modeling --- Behavioral models --- Modeling human behavior --- Models of behavior --- Psychology --- Behavioral economics --- Behavioural economics --- Economics and jurisprudence --- Economics and law --- Jurisprudence and economics --- Jurisprudence --- Methodology

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Economics --- Law and economics