Abstract
This paper explores the interaction, rather than the competition, among incentivist (or rationalist), behavioral, and evolutionary explanations of legal rules and approaches to problems of public policy. It suggests that behavioral economics can play an important role in influencing people where an incentive-based approach to affecting behavior was tried first and failed on a subset of the targeted group. The discussion ranges across examples including savings rates, the performance of educational institutions, health care, rescue, and even university admissions to explore a range of behavioral tools, with a focus on endowment effects and N-of-1 thinking, in order to bring out the clash among – and the teamwork that is possible with – these three approaches.
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© 2021 Walter de Gruyter GmbH, Berlin/Boston
Artikel in diesem Heft
- Frontmatter
- Article
- The Impact of Behavioral Economics on the Law: Introduction
- Special Issue Articles
- The Paternalistic Turn in Behavioral Law and Economics: A Critique
- Behavioral Contract Law
- The Limits of Behavioral Economics in Tort Law
- Behavioral Economics in Plea-Bargain Decision-Making: Beyond the Shadow-of-Trial Model
- Behavioral Economics and Court Decision-Making
- The Role of Bias in Economic Models of Law
- Behavioral Biases and the Law
- The Evolutionary Force of Behavioral Economics in Law
Artikel in diesem Heft
- Frontmatter
- Article
- The Impact of Behavioral Economics on the Law: Introduction
- Special Issue Articles
- The Paternalistic Turn in Behavioral Law and Economics: A Critique
- Behavioral Contract Law
- The Limits of Behavioral Economics in Tort Law
- Behavioral Economics in Plea-Bargain Decision-Making: Beyond the Shadow-of-Trial Model
- Behavioral Economics and Court Decision-Making
- The Role of Bias in Economic Models of Law
- Behavioral Biases and the Law
- The Evolutionary Force of Behavioral Economics in Law