IF YOU CAN’T BEAT THEM, JOIN THEM: RICHARD POSNER AND BEHAVIORAL LAW AND ECONOMICS

Doron Teichman, Avishalom Tor, Eyal Zamir

Research output: Contribution to journalArticlepeer-review

Abstract

Since its publication in 1973, Economic Analysis of Law (the Treatise) by Richard Posner has been recogniZed as the canonical treatise in the field. Given this status, observing changes over time in the different editions of the book can highlight substantial and methodological shifts in the area. On this backdrop, this brief essay will highlight Posner’s change of attitude towards behavioral analysis of law over the years, culminating with the incorporation of behavioral insights into the last edition of his book, published in 2014.

Original languageAmerican English
Pages (from-to)67-75
Number of pages9
JournalHistory of Economic Ideas
Volume31
Issue number3
DOIs
StatePublished - 2023

Keywords

  • Behavioral Law and Economics
  • Decision-Making
  • Economic Rationality
  • Judgement
  • Law and Economics
  • Richard Posner

All Science Journal Classification (ASJC) codes

  • History
  • Sociology and Political Science
  • Economics and Econometrics

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