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The Law And Economics Of Irrational Behavior
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The Law And Economics Of Irrational Behavior

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This volume of 21 chapters includes papers presented at a conference held at the editor's campus in 2002. Quoting Nietzsche that: "The irrationality of a thing is no argument against its existence, rather a condition of it," Parisi and Smith (law and economics, George Mason U. School of Law) introduce behavioral economics as going beyond traditional economic and legal thought in arguing that human actions are driven not only by rational choice or economic incentives. Contributors explain its theoretical foundations (including neuroeconomics), and applications to economic decisions. Smith is a Nobel Laureate in Economics (2002). Annotation c2004 Book News, Inc., Portland, OR (booknews.com)

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Francesco Parisi is Professor of Law and Director, Law and Economics Program, George Mason University School of Law. He is co-editor of The Law and Economics of the European Union (2003), Economic Foundations of Private Law (2002), and La

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