Luppi, Barbara; Parisi, Francesco --- "Behavioral models in tort law" [2018] ELECD 217; in Teitelbaum, C. Joshua; Zeiler, Kathryn (eds), "Research Handbook on Behavioral Law and Economics" (Edward Elgar Publishing, 2018) 221

Book Title: Research Handbook on Behavioral Law and Economics

Editor(s): Teitelbaum, C. Joshua; Zeiler, Kathryn

Publisher: Edward Elgar Publishing

ISBN: 9781849805674

Section: Chapter 8

Section Title: Behavioral models in tort law

Author(s): Luppi, Barbara; Parisi, Francesco

Number of pages: 26

Abstract/Description:

Luppi and Parisi illustrate how different behavioral problems can be incorporated into the standard economic model of tort law. Through this exercise, the authors develop a modeling language that can be utilized by law and economic scholars when considering the effect of behavioral biases and cognitive imperfections in tort law. They use these models in conjunction with the standard taxonomy of psychological biases to show the effect of different biases on the behavior of tort agents. The models they present are applicable to a wide range of tort problems, and have the potential for application to a broader range of legal problems.