BEHAVIORAL LAW AND ECONOMICS: MULTIDISCIPLINARITY IN ACTION

  • Aleksandar Mojašević Vanredni profesor Pravni fakultet u Nišu

Sažetak


This paper presents the theoretical foundations of Behavioral Law and Economics (BLE), as well as the practical implications of some key findings of this discipline. The author examines the roots of this discipline, its development, its most important representatives and opponents, and, most importantly, the boundaries of this discipline in relation to the neoclassical Law and Economics (L&E), on the one hand, and Behavioral Economics, on the other hand. Since BLE “borrows” certain findings from psychology (especially from social psychology), it raises the issue of interconnection between these two disciplines, which will be analyzed en passant. The central questions that need to be addressed are whether BLE is a special and sufficiently developed scientific discipline, or is it only a theoretical upgrade over its base (the neoclassical L&E), and what are the practical achievements and significance of its key findings in the field of dispute resolution policy?

Reference

Babcock, L., Loewenstein, G. (1997). Explaining Bargaining Impasse: The Role of Self-Serving Biases. Journal of Economic Perspectives. 11(1). 109-126

Baird, D. (1997). The Future of Law and Economics: Looking Forward. University of Chicago Law Review. 64. 1129-1165

Baker, L., Emery, R. (1993). When Every Relationship Is Above Average: Perceptions and Expectations of Divorce at the Time of Marriage. Law and Human Behavior. 17(4). 439-450

Becker, G. (1976). The Economic Approach to Human Behavior. Chicago: University of Chicago Press

Calabresi, G. (1961). Some Thoughts on Risk-Distribution and the Law of Torts. The Yale Law Journal. 70(4). 499-553

Coase, R. (1960). The Problem of Social Cost. Journal of Law and Economics. 3. 1-44

Coase, R. (1994). Essays on Economics and Economists. Chicago: University of Chicago Press

Cooter, R. (1995). Law and Unified Social Theory. Journal of Law and Society. 22. 50-67

Cooter, R., Ulen, T. (2016). Law & Economics (sixth edition). Boston, Columbus, Indianapolis, New York, San Francisco, Upper Saddle River, Amsterdam, Cape Town, Dubai, London, Madrid, Milan, Munich, Paris, Montréal, Toronto, Delhi, Mexico, City Sao Paulo, Sydney, Hong Kong, Seoul, Singapore, Taipei, Tokyo: Addison-Wesley

Cross, P. (1997). Not Can, But Will College Teaching Be Improved?. New Direction for Higher Education. 17. 1-15

David, S. (2016). Don’t Worry, Be Gloomy: Negative Feelings Have Benefits Too. Retrieved 20 August 2019, from http://www.health.com/mind-body/negativity-benefits

Elster, J. (1989). Nuts and Bolts for the Social Sciences. Cambridge: Cambridge University Press

Farnsworth, W. (1999). Do Parties to Nuisance Lawsuits Bargain After Judgment? A Glimpse Inside the Cathedral. The University of Chicago Law Review. 66(2), 373-436

Forsyth, D. (2007). Self-Serving Bias. In William A. Darity (Ed.), International Encyclopedia of the Social Sciences (p. 429). Detroit: Macmillan Reference

Gunningham, N. (1992). Public Choice: The Economic Analysis of Public Law. Federal Law Review. 21. 117-135

Guthrie, C. (2003). Panacea or Pandora’s Box?: The Costs of Options in Negotiation. Iowa Law Review. 88. 601-653

Jolls, C., Sunstein, C., Thaler, R. (1998). A Behavioral Approach to Law and Economics. Stanford Law Review. 50. 1471-1550

Kahneman, D., Knetsch, J., Thaler, R. (1990). Experimental Tests of the Endowment Effect and the Coase Theorem. Journal of Political Economy. 98(6). 1325-1348

Kahneman, D., Knetsch, J., Thaler, R. (1991). The Endowment Effect, Loss Aversion, and Status Quo Bias. Journal of Economic Perspectives. 5. 193-206

Kahneman, D., Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica. 47(2), 263-292

Kaneman, D. (2015). Misliti brzo i sporo (Thinking Fast and Slow). Smederevo: Heliks

Korobkin, R., Guthrie, C. (1994). Opening Offers and Out-of-Court Settlement: A Little Moderation May Not Go a Long Way. The Ohio State Journal on Dispute Resolution. 10(1). 1-22

Loewenstein, G., Issacharoff, S. (1994). Source Dependence in the Valuation of Objects. Journal of Behavioral Decision Making. 7(3). 157-168

Loewenstein, G., Issacharoff, S., Camerer, C., Babcock, L. (1993). Self-Serving Assessments of Fairness and Pretrial Bargaining. Journal of Legal Studies. 22. 135-159

Mackaay, E. (2000). History of Law and Economics. In B. Bouckaert, G. De Geest, (Ed.), Encyclopedia of Law and Economics. Volume I. The History and Methodology of Law and Economics (pp. 65-117). Cheltenham: Edward Elgar

McElhaney, J. (2012). Don’t Be Seduced: Falling in Love with Your Case Means You Won’t See Its Shortcomings. ABA Journal. Retrieved 15 August 2019, from http://www.abajournal.com/magazine/article/dont_be_seduced_falling_in_love_with_your_case_means_you_wont_see_its_short

Mojašević, A., Nikolić, Lj. (2018). Kогнитивне пристрасности у правној области: место сусрета правне и бихевиористичке науке (Cognitive Biases in the Legal Field: a Meeting Place of Legal and Behavioral Science). Zbornik radova Pravnog fakulteta u Nišu (Collection of Papers of the Faculty of Law in Niš). 79. 253-273

Munsinger, H., Philbin, D. (2017). Why Can’t They Settle? The Psychology of Relational Disputes. Cardozo Journal of Conflict Resolution. 18. 311-362

Posner, R. (1993). The New Institutional Economics Meets Law and Economics. Journal of Institutional and Theoretical Economics. 149. 73-87

Posner, R. (1998). Economic Analysis of Law. New York: Aspen Law & Business

Ross, M., Sicoly, F. (1979). Egocentric Biases in Availability and Attribution. Journal of Personality and Social Psychology. 37(3). 322-336

Rowley, C. (1989). Public Choice and the Economic Analysis of Law. Boston: Cluwer Academic Publishers

Samson, A. (Ed.)(2019). The Behavioral Economics Guide 2019 (with an Introduction by Uri Gneezy). Retrieved 29 July 2019, from https://www.behavioraleconomics.com

Shavell, S. (2004). Foundations of Economic Analysis of Law. Cambridge: Belknap Press of Harvard University Press

Shiller, R. (2015). Irrational exuberance. Princeton: Princeton University Press

Simon, H. (1955). A Behavioral Model of Rational Choice. The Quarterly Journal of Economics. 69(1). 99-118

Simon, H. (1959). Theories of Decision-Making in Economics and Behavioral Science. American Economic Review. 49. 253-283

Svenson, O. (1981). Are We All Less Risky and More Skillful Than Our Fellow Drivers?. Acta Psychologica. 47(2). 143-148

Thaler, R. (1999). Mental accounting matters. Journal of Behavioral Decision Making. 12. 183-206.

Tversky, A. Kahneman, D. (1974). Judgment under Uncertainty: Heuristics and Biases, Science. 185. 1124-1131

Weinstein, N. (1980). Unrealistic Optimism about Future Life Events. Journal of Personality and Social Psychology. 39(5). 806-820

Objavljeno
2020/01/10
Rubrika
Pregledni članak