G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w11738
来源IDWorking Paper 11738
Debiasing through Law
Christine Jolls; Cass R. Sunstein
发表日期2005-11-07
出版年2005
语种英语
摘要In many settings, human beings are boundedly rational. A distinctive and insufficiently explored legal response to bounded rationality is to attempt to "debias through law," by steering people in more rational directions. In many important domains, existing legal analyses emphasize the alternative approach of insulating outcomes from the effects of boundedly rational behavior, often through blocking private choices. In fact, however, a large number of actual and imaginable legal strategies are efforts to engage in the very different approach of debiasing through law by reducing or even eliminating people's boundedly rational behavior. In important contexts, these efforts to debias through law can avoid the costs and inefficiencies associated with regulatory approaches that take bounded rationality as a given and respond by attempting to insulate outcomes from its effects. This paper offers a general account of how debiasing through law does or could work to address legal questions across a range of areas, from consumer safety law to corporate law to property law. Discussion is also devoted to the risks of government manipulation and overshooting that are sometimes raised when debiasing through law is employed.
主题Other ; Law and Economics
URLhttps://www.nber.org/papers/w11738
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/569388
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Christine Jolls,Cass R. Sunstein. Debiasing through Law. 2005.
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