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In this path-breaking volume, Professors Teitelbaum and Zeiler have assembled leading scholars from a variety of disciplines to enrich our understanding of human decision-making and analyze the implications of behavioral analysis for a wide range of legal issues, including antitrust, consumer finance, criminal law, torts, and property. This book will be enormously valuable for students, scholars and policy makers. Teitelbaum and Zeiler, leaders in this emerging field, have put together an indispensable volume, including helpful literature reviews, new findings and critically important methodological discussions.
These contributions are mandatory reading for researchers in the field and, more importantly, for policymakers that move, sometimes too quickly, to translate the research into law. For the uninitiated, this volume provides a valuable introduction to behavioral law and economics; for scholars in the field, this is truly indispensable reading.
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This Research Handbook forcefully cautions against the simplistic response: realism. For well-selected subfields of law, like antitrust, punishment or torts, it demonstrates the power of taking motivation and cognition seriously.
But this requires mastering the emerging behavioral theory, and carefully gauging the facetted empirical evidence. The reader is guided towards the relevant literatures in economics and psychology, and learns how to read them. This Research Handbook will help lawyers make a most timely behavioral turn.
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