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3 results

  • Amos Tversky’s contributions to legal scholarship: Remarks at the BDRM session in honor of Amos Tversky, June 16, 2006

  • Paul Brest
  • Journal:
    Judgment and Decision Making / Volume 1 / Issue 2 / November 2006
    Published online by Cambridge University Press:
    01 January 2023, pp. 174-178
    • Article
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  • Together with his long-time colleague Daniel Kahneman, Amos Tversky, provided the intellectual infrastructure for contemporary behavioral law and economics. Prospect theory undermines the Coase Theorem, which is the bedrock of traditional law and economics; and the heuristics and biases research questions the fundamental idea of a rational self-interested decisionmaker, which is also challenged by subsequent studies of the role of affect in judgment and decisionmaking.

  • 10 - Behavioural Economics and Bounded Rationality

  • from Part IV - The Weakening of the Paradigm
  • Alessandro Roncaglia, Università degli Studi di Roma 'La Sapienza', Italy
  • Book:
    The Age of Fragmentation
    Published online:
    25 November 2019
    Print publication:
    05 December 2019, pp 247-264

  • Summary

    In the framework of a critical illustration of the contemporary history of economics, this chapter provides an (original) illustration of Hayek’s thought: his formative years, his contributions to the theory of the trade cycle and the theory of capital and the subsequent debates with Sraffa and Kaldor, his theory of the spontaneous order and of the market as a mechanism of knowledge diffusion, his political individualism and the similarities to and differences from the notions of methodological individualism, liberism and liberalism, his thesis on the denationalization of money.