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Full-Text Articles in Law
Behavioral Economics And The Sec, Stephen Choi, Adam C. Pritchard
Behavioral Economics And The Sec, Stephen Choi, Adam C. Pritchard
Law & Economics Working Papers Archive: 2003-2009
Investors face myriad investment alternatives and seemingly limitless information concerning those alternatives.Not surprisingly, many commentators contend that investors frequently fall short of the ideal investor posited by the rational actor model. Investors are plagued with a variety of behavioral biases (such as, among others, the hindsight bias, the availability bias, loss aversion, and overconfidence). Even securities market institutions and intermediaries may suffer from biases, led astray by groupthink and overconfidence. The question remains whether regulators should focus on such biases in formulating policy. An omnipotent regulatory decisionmaker would certainly improve on flawed investor decisionmaking. The alternative we face, however, is …
Market Fundamentalism's New Fiasco: Globalization As Exhibit In The Case For A New Law And Economics, Steven A. Ramirez
Market Fundamentalism's New Fiasco: Globalization As Exhibit In The Case For A New Law And Economics, Steven A. Ramirez
Michigan Journal of International Law
Review of Globalization and Its Discontents by Joseph E. Stiglitz