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Cass R. Sunstein (ed.), Behavioral Law and Economics.Cambridge, Cambridge University Press, 2000.

Published online by Cambridge University Press:  18 July 2014

Ejan Mackaay
Ejan Mackaay
Affiliation:
Faculté de droit, Université de Montréal
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Type
Book Reviews/Comptes rendus
Information
Canadian Journal of Law and Society / La Revue Canadienne Droit et Société , Volume 18 , Issue 1 , April 2003 , pp. 149 - 154
Copyright
Copyright © Canadian Law and Society Association 2003

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References

1 Jolis, Christine, Sunstein, Cass R. & Thaler, Richard H., “A Behavioral Approach to Law and Economics” in Sunstein, Cass R., ed., Behavioral Law and Economics (Cambridge: Cambridge University Press, 2000) 13–58 at 16.CrossRefGoogle Scholar

2 Ibid. at 17.

3 Simon, Herbert A., “Theories of Bounded Rationality” in McGuire, C.B. & Radner, Roy, eds., Decision and Organization: A Volume in Honor of Jacob Marschak (Minneapolis: University of Minnesota Press, 1972) 161–76Google Scholar; Simon, Herbert A., “From substantive to procedural rationality” in Hahn, Frank & Hollis, Martin, eds., Philosophy and Economic Theory (Oxford: Oxford University Press, 1979) 65–85Google Scholar; Simon, Herbert A., “Rational Decision Making in Business Organizations” (1979) 69 American Economic Review 493–514Google Scholar; Simon, Herbert A., “Bounded Rationality” in Eatwell, John, Milgate, Murray & Newman, Peter, eds., The New Palgrave - Utility and Probability (New York, W.W. Norton, 1987) 15–18.Google Scholar

4 See the compilations in Kahneman, Daniel, Slovic, Paul & Tversky, Amos, eds., Judgment under Uncertainty: Heuristics and Biases (Cambridge: Cambridge University Press, 1982)CrossRefGoogle Scholar; Kahneman, Daniel & Tversky, Amos, eds., Choices, Values, and Frames, (Cambridge: Cambridge University Press, 2000).Google Scholar

5 See for instance Elster, Jon, Ulysses and the Sirens - Studies in Rationality and Irrationality, 2d ed. (Cambridge: Cambridge University Press and Paris: Editions de la Maison des Sciences de l'Homme, 1984)Google Scholar; Elster, Jon ed., The Multiple Self (Cambridge: Cambridge University Press, 1985)Google Scholar; Elster, Jon, Sour Grapes – Studies in the Subversion of Rationality 2d ed. (Cambridge: Cambridge University Press et Paris, Maison des Sciences de l'Homme, 1985)Google Scholar

6 For instance, Knetsch, Jack L., & Sinden, J.A., “The Persistence of Evaluation Disparities” (1984) 99 Quarterly Journal of Economics 691–95Google Scholar; Knetsch, Jack L., “The Endowment Effect and Evidence of Nonreversible Indifference Curves” (1989) 79 American Economic Review 1277–284Google Scholar; Kahneman, Daniel, Knetsch, Jack L. & Thaler, Richard H., “Experimental Tests of the Endowment Effect and the Coase Theorem” (1990) 98 Journal of Political Economy 1325–348CrossRefGoogle Scholar; Kahneman, Daniel, Knetsch, Jack L. & Thaler, Richard H., “The Endowment Effect, Loss Aversion, and Status Quo Bias” (1991) 5 Journal of Economic Perspectives 193–206.CrossRefGoogle Scholar

7 Posner, Richard A., Economic Analysis of Law, 6th ed. (New York: Aspen Law & Business 2003) at xix.Google Scholar

8 Journal of Law and Economics, Journal of Legal Studies, Journal of Law, Economics, & Organization, International Review of Law and Economics, European Journal of Law and Economics, Supreme Court Economics Review, Antitrust Law and Economics Review.

9 Langevoort, Donald C., “Behavioral Theories of Judgment and Decision Making in Legal Scholarship: A Literature Review” (1998) 51 Vand. L. Rev. 1499–540Google Scholar.

10 Jolis, Christine, Sunstein, Cass R. & Thaler, Richard H. “A Behavioral Approach to Law and Economics” (1998) 50 Stan. L. Rev. 1471–550.CrossRefGoogle Scholar

11 Cass R. Sunstein & Edna Ullmann-Margalit, “Second-Order Decisions” in Sunstein, ed., supra note 1, 187–208 at 187.

12 Sunstein ed., Introduction, supra note 1, 3–9.

13 Sunstein & Ullmann-Margalit, supra note 11 at 191.

14 Russell Korobkin, “Behavioral Economics, Contract Formation, and Contract Law” in Sunstein, ed., supra note 1, 116–43.

15 Ibid. 142.

16 Jolis, Christine, Sunstein, Cass R. & Thaler, Richard H., “A Behavioral Approach to Law and Economics” (1998) 50 Stan. L. Rev. 1471–550CrossRefGoogle Scholar – reproduced as chapter 1 of the Sunstein book; Posner, Richard A., “Rational Choice, Behavioral Economics, and the Law” (1998) 50 Stan. L. Rev. 1551–575CrossRefGoogle Scholar – reproduced in modified form as chapter 8 in Posner, Richard A., Frontiers of Legal Theory (Cambridge: Harvard University Press, 2001).Google Scholar

17 Sunstein ed., Introduction, supra note 1 atlO.

18 For instance, provisions requiring written estimates for car repairs, prohibiting certain clauses, stipulating uniform warranties for all merchandise, including software remain dead letter or are seen as unnecessary red tape.