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Time-Shifted Rationality and the Law of Law's Leverage
(Northwestern University Law Review, 2001)
A flood of recent scholarship explores legal implications of seemingly irrational behaviors by invoking cognitive psychology and notions of bounded rationality. In this article, I argue that advances in behavioral biology ...
Time-Shifted Rationality and the Law of Law's Leverage
(Northwestern University Law Review, 2001)
A flood of recent scholarship explores legal implications of seemingly irrational behaviors by invoking cognitive psychology and notions of bounded rationality. In this article, I argue that advances in behavioral biology ...
The Evolution and the Expression of Biases
(Evolution and Human Behavior, 2012)
The endowment effect is the seemingly irrationally tendency to immediately value a possessed item more than the opportunity to acquire the identical item when one does not already possess it. The phenomenon has broad legal ...