January 1, 1997The University of Chicago Law Review306 citationsOpen Access
Behavioral Analysis of Law
Key Points
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Abstract
The future of economic analysis of law lies in new and better understandings of decision and choice. 1 In the last two decades, social scientists have learned a great deal about how people actually make decisions. 2Much of this work requires qualifications of rational choice models. 3Those models are often wrong in the simple sense that they yield inaccurate predictions.Cognitive errors and motivational distortions may press behavior far from the anticipated directions; normative accounts of rational choice should not be confused with descriptive accounts. 4ut it does not follow that people's behavior is unpredictable, sys-
Cite This Study
Cass R. Sunstein (Wed,) studied this question.