Abstract:Behavioral economics builds on insights from behavioural sciences, primarily psychology, and aims to explain the behaviour of (groups of) individuals under conditions of scarcity. It applies an empirical methodology grounded in econometrics and based on experimental research. The authors' proposition is that behavioural law and economics rooted in experiments is a valuable approach to legal studies that complements pre-existing law and economics. Experiments maximise the opportunity to identify causal links an… Show more
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