Behavioral Law and Economics
/ˌbɪˈheɪvjərəl lɔː ænd ˌɛkəˈnɑːmɪks/
Definitions
- (n.) An interdisciplinary field studying how psychological insights into human behavior affect legal decision-making and economic analysis of law.
Behavioral law and economics examines how cognitive biases influence contractual agreements.
Forms
- behavioral law and economics
Related terms
See also
Commentary
Focuses on integrating psychological findings with traditional law and economics; useful for drafting laws that anticipate behavioral tendencies.
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