The work cited by the Nobel committee was done jointly with the late Amos Tversky (1937–
1996) during a long and unusually close collaboration. Together, we explored a territory that …

Un apasionante recorrido por el funcionamiento de la mente de la mano del padre de la
psicología conductista y premio Nobel de Economía en 2002: Daniel Kahneman. En Pensar …

In the past few decades, economic analysis of law has been challenged by a growing body
of experimental and empirical studies that attest to prevalent and systematic deviations from …

Much experimental evidence indicates that choice depends on the status quo or reference
level: changes of reference point often lead to reversals of preference. We present a …

The work cited by the Nobel committee was done jointly with Amos Tversky (1937–1996)
during a long and unusually close collaboration. Together, we explored the psychology of …

A wine-loving economist we know purchased some nice Bordeaux wines years ago at low
prices. The wines have greatly appreciated in value, so that a bottle that cost only …

Contrary to theoretical expectations, measures of willingness to accept greatly exceed
measures of willingness to pay. This paper reports several experiments that demonstrate …

Objections to the rational actor model in law and economics are almost as old as the field
itself. Early skeptics about the economic analysis of law were quick to marshal arguments …

BECAUSE PSYCHOLOGY systemati-cally explores human judgment, behavior, and well-
being, it can teach us important facts about how humans differ from the way tlhey are …

Cost-benefit analysis (CBA) is the systematic and analytical process of comparing benefits
and costs in evaluating the desirability of a project or programme–often of a social nature. It …