Behavioral Decision Research, Legislation, and Society: Three Cases

Max H. Bazerman

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Decision-Making and Behavioral Economics Economic Theory and Institutions Legal and Constitutional Studies

Abstract

Economists have a great deal of influence on the legislative and judicial branches of government. This is good. But, the dominance of economics in Washington has led to the undervaluation of other social sciences. This paper explores the limitations of a traditional economics approach, the benefits of the consideration of behavioral decision research and behavioral economics, and an analysis of how this pattern affected decision making in three distinct episodes.

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References

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2009In the Eye of the Beholder: Payoff Structures and Decision Frames in Social Dilemmas

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