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Spring 2014 - Smnr: Behavioral Law and Economics

Williams, Sean H

Course ID: 397S  Unique # 30020  Credit Hours: 3
Meeting DaysTimesLocation
   Wednesday 3:45 pm - 5:35 pm TNH 3.114
Exam Type   Date   Time      Name Range   Room  
  Paper      
Registration Information
This course is restricted to upper division students only.

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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Textbooks
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