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Behavioral models in tort law

In: Research Handbook on Behavioral Law and Economics

Author

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  • Barbara Luppi
  • Francesco Parisi

Abstract

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.

Suggested Citation

  • Barbara Luppi & Francesco Parisi, 2018. "Behavioral models in tort law," Chapters, in: Joshua C. Teitelbaum & Kathryn Zeiler (ed.), Research Handbook on Behavioral Law and Economics, chapter 8, pages 221-246, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14176_8
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    Keywords

    Economics and Finance; Law - Academic;

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