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Adam Smith and the Study of Ethics in a Commercial Society  

Stefanie Haeffele and Virgil Henry Storr

Over time, the fields of economics and ethics have become more distinct with economics focusing on the rationality of actors, the incentives they face, and the outcomes of interacting ... More

Advances in Pricing Strategies and Tactics  

Praveen K. Kopalle and Robert Hansen

Published in print:
Jul 2013
Published Online:
Oct 2013
There has been much interest in pricing strategies and tactics both in the research and practice domains. This chapter examines the recent literature on pricing with a focus on blending an ... More

Alternative Behavioral Law and Economics  

Gregory Mitchell

Published in print:
Nov 2014
Published Online:
Nov 2014
This chapter considers the psychological, methodological, and normative paths taken by behavioral law and economics (“BLE”) and alternative paths that BLE might have taken, and might still ... More

Analyzing Uncertainty in Cost-effectiveness For Decision-making  

Susan Griffin and Karl Claxton

Published in print:
Apr 2011
Published Online:
Sep 2012
Cost-effectiveness analysis (CEA) is intended to help collective purchasers of health care to determine which interventions to prioritize, by ranking them according to the cost of each ... More

The Art of Moral Criticism: Rebuke In The Jewish Tradition And Beyond  

Moses L. Pava

Published in print:
Dec 2010
Published Online:
Sep 2012
The essence of this article happens to be the art of moral criticism amidst the Jewish tradition. Moral criticism, or as the Torah puts it rebuke (tokhehah), is a necessary activity for ... More

Assessing the Effects of Military Expenditures on Growth  

Giorgio d'Agostino, J. Paul Dunne, and Luca Pieroni

The earlier literature regarding the effects of military expenditures on economic growth had initially shown a positive relationship between the two variables. This article examines this ... More

Bargaining and Negotiations: What Should Experimentalists Explore More Thoroughly?  

Werner Güth

This article argues for the need for improved models of cognitive limitations of bargainers in order to explain and predict outcomes. It became clear early that when designing institutions of ... More

Bargaining Games with Joint Production  

Emin Karagözoğlu

This article outlines the literature on experimental bargaining and distribution games with joint production. The analysis of aggregate behavior strongly rejects game theoretical predictions and ... More

Bayesian Methods in Microeconometrics  

Minglian Li and Justin Tobias

This article is of two-fold interest with the goal of providing an overview of the field and aims at discussing the most recent research in the relevant field. It shows how the ... More

Behavioral Analysis of Criminal Law: A Survey  

Alon Harel

Published in print:
Nov 2014
Published Online:
Nov 2014
After contrasting behavioral criminal law and economics with the retributivist tradition and with traditional criminal law and economics, the chapter illustrates how various behavioral ... More

Behavioral Economics and Contract Law  

Melvin A. Eisenberg

Published in print:
Nov 2014
Published Online:
Nov 2014
Classical contract law, Chicago economics, and Chicago law-and-economics all assumed that people rationally maximize their utility. However, just as classical contract law was supplanted ... More

Behavioral Economics and Insurance Law: The Importance of Equilibrium Analysis  

Tom Baker and Peter Siegelman

Published in print:
Nov 2014
Published Online:
Nov 2014
Because choosing insurance requires consumers to assess risks and probabilities, the demand for insurance has proven to be fertile ground for identifying deviations from rational behavior. ... More

Behavioral Economics and Plea Bargaining  

Russell Covey

Published in print:
Nov 2014
Published Online:
Nov 2014
Numerous documented cognitive biases, including loss aversion, confirmation bias, and overconfidence, seem to work against resolution of criminal cases through plea bargaining, since doing ... More

Behavioral Economics and Strategic Decision Making  

Massimo Garbuio, Dan Lovallo, and Elif Ketenciouglu

Published in print:
Jul 2013
Published Online:
Oct 2013
Modern strategic decision theory focuses on those actions taken by senior executives (on behalf of the owners) that commit substantial resources, set precedents, and create waves of less ... More

Behavioral Economics and the Food Consumer  

David R. Just

Published in print:
Sep 2011
Published Online:
Nov 2012
Behavioral theory suggests a myriad other policy options that can have substantial impacts without restricting choices in any real sense. This article focuses on three general areas of ... More

Behavioral Economics and the Law: Tax  

Edward J. McCaffery

Published in print:
Nov 2014
Published Online:
Nov 2014
This chapter argues that a behavioral law and economics approach to tax is deeply needed for a wider normative analysis of the impacts of law on social welfare. The absence of traditional ... More

Behavioral Economics and Tort Law  

Yoed Halbersberg and Ehud Guttel

Published in print:
Nov 2014
Published Online:
Nov 2014
The chapter discusses the contributions of cognitive psychology and behavioral studies to the research of tort law. These contributions, we show, relate to a wide range of issues in torts: ... More

Behavioral Economics of Religion  

Jonathan H.W. Tan

Published in print:
Feb 2014
Published Online:
Mar 2014
This chapter concerns the behavioral economics of religion. Themes considered include how religion potentially shapes individual preferences, the possible implications of religious ... More

Behavioral Ethics Meets Behavioral Law and Economics  

Yuval Feldman

Published in print:
Nov 2014
Published Online:
Nov 2014
The present chapter maps the literature of ethical decision-making in psychology and management and examines the ways in which it could shape behavioral law and economics. The chapter ... More

Behavioral Finance and Point Spread Wagering Markets  

Greg Durham

Published in print:
Nov 2013
Published Online:
Dec 2013
The objective of this chapter is to review and extend an emerging body of research that tests theories, models, and general predictions of human behavior—most of which are rooted in ... More

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