Table of Contents for

The Law and Economics of Irrational Behavior

List of Tables and Figures

Acknowledgments

Contributors

Introduction, by Francesco Parisi and Vernon Smith

PART 1: IRRATIONALITY AND BOUNDED RATIONALITY IN LAW, PSYCHOLOGY, AND ECONOMICS

1.       Departures from Rational Choice: With and Without Regret, by Robert H. Frank

2.       Is the Mind Irrational or Ecologically Rational?, by Gerd Gigerenzer

3.       Lessons from Neuroeconomics for the Law, by Kevin McCabe, Vernon Smith, and Terrence Chorvat

4.       Treating Yourself Instrumentally: Internalization, Rationality, and the Law, by Robert Cooter

PART 2: THE ECONOMICS OF IRRATIONAL BEHAVIOR

5.       Addiction, Choice, and Irrationality, by Ole-Jørgen Skog

6.       Revenge and Retaliation, by Vincy Fon and Francesco Parisi

7.       What Makes Trade Possible?, by Elizabeth Hoffman, Kevin McCabe, and Vernon Smith

8.       Satisfaction and Learning: An Experimental Game to Measure Happiness, by Marco Novarese and Salvatore Rizzello

9.       The Market for Laughter, by F.H. Buckley

PART 3: THE JURISPRUDENCE OF IRRATIONAL BEHAVIOR: RETHINKING LAW AS A BEHAVIORAL INSTRUMENT

10.   The Jurisprudence of Craziness, by Stephen J. Morse

11.   On Law Enforcement with Boundedly Rational Actors, by Christine Jolls

12.   The Biology of Irrationality: Crime and the Contingency of Deterrence, by Michael E. O'Neill

13.   Analyzing Illicit Drug Markets When Dealers Act with Limited Rationality, by Jonathan Caulkins and Robert MacCoun

14.   On the Psychology of Punishment, by Cass R. Sunstein

15.   Some Well-Aged Wines for the "New Norms" Bottles: Implications of Social Psychology for Law and Economics, by Yuval Feldman and Robert MacCoun

PART 4: IRRATIONAL BEHAVIOR AND THE DESIGN OF LAW

16.   Human  Fallibility and the Forms of Law: The Case of Traffic Safety, by Thomas S. Ulen

17.   The Free Radicals of Tort, by Mark F. Grady

18.   Probability Errors: Some Positive and Normative Implications for Tort and Contract Law, by Eric A. Posner

19.   Threatening an "Irrational" Breach of Contract, by Oren Bar-Gill and Omri Ben-Shahar

20.   Regulating Irrational Exuberance and Anxiety in Securities Markets, by Peter H. Huang

21.   In Praise of Investor Irrationality, by Gregory La Blanc and Jeffrey J. Rachlinski

Index