
LAW 674 Introduction to Behavioral Law and Economics
This course explores the basic concepts of the rational-choice framework in economics and then analyze how individuals deviate from the standard assumptions economists make regarding human behavior. Combining empirical and experimental results from both psychology and economics, students will examine the roles that bounded rationality, willpower, and self-interest play in law and economics, and the legal system more broadly, and the consequences of these three departures from neoclassical economics. No previous background in economics is required. [3 credit hours]
LAW 674 Introduction to Behavioral Law and Economics
LWEC 403 Behavioral Law and Economics I
Economic principles underlying behavioral law and economics research. Analyses of the rationality of individual choice will be undertaken, including research that involves the interaction of economics, psychology, and decision sciences. Applications of behavioral law and economics methods will be applied to the analysis of jury behavior. [3 credit hours]