“Debiasing Through Law”: Review of the Paper by Christine Jolls and Cass R. Sunstein
DOI:
https://doi.org/10.18836/2178-0587/ealr.v2n2p429-432Abstract
The article from Cristine Jolls and Cass R. Sunstein, "Debiasing through law", is an attempt to understand the effects of bounded rationality on human behaviour, focusing on possible policy implications that might be taken to avoid or to correct certain of its effects. In order to do so, the authors (a) draw on existing empirical evidence of why individuals might (i) commit judgement errors, and (ii) deviate from behaviour foreseen by the expected utility models; they then (b) critically analyse already proposed policies for addressing these issues, such as "debiasing through procedural law"; to then present their own category of "debiasing through substantive law", explaining in greater details its application to consumers ´law, contract law, and others.Downloads
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Published
2011-09-19
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Book Review
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