Behavioral models in tort law

Barbara Luppi and Francesco Parisi

Chapter 8 in Research Handbook on Behavioral Law and Economics, 2018, pp 221-246 from Edward Elgar Publishing

Abstract: Luppi and Parisi illustrate how different behavioral problems can be incorporated into the standard economic model of tort law. Through this exercise, the authors develop a modeling language that can be utilized by law and economic scholars when considering the effect of behavioral biases and cognitive imperfections in tort law. They use these models in conjunction with the standard taxonomy of psychological biases to show the effect of different biases on the behavior of tort agents. The models they present are applicable to a wide range of tort problems, and have the potential for application to a broader range of legal problems.

Keywords: Economics and Finance; Law - Academic (search for similar items in EconPapers)
Date: 2018
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