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UT Law School Classes - Spring 2014

Smnr: Behavioral Law And Economics

Instructor: Williams, S Credits: 3 Course ID: 397S Unique #30020
     Day    Time   Location
   Wednesday 3:45 pm - 5:35 pm TNH 3.114
Exam Type    Test Date Time      Name Range Regular Room Extegrity Room
  Paper
Registration Information
This course is restricted to upper division students only.
You must have at least 43 credit hours to register.

Description
Economic theory has had a large impact on legal thinking.  Behavioral Economics seeks to identify predictable patterns of behavior that do not fit into the neo-classical rational-choice paradigm; its ultimate goal is to improve the predictive capacities of social science.  This seminar will explore Behavioral research on framing effects, loss aversion, risk compensation, mental accounting, time-inconsistent preferences, self-serving biases, perceptions of fairness, and happiness.  Several of these behavioral patterns can be used to suggest that, in certain situations, peoples' autonomous choices may not result in outcomes that are best for them even under their own theories of "best."  Accordingly, we will also discuss potential policy responses and the appropriate limits of paternalism.

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