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Behavioral Economics Commons

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Full-Text Articles in Behavioral Economics

Behavioral Public Choice And The Law, Gary M. Lucas Jr., Slaviša Tasić Oct 2015

Behavioral Public Choice And The Law, Gary M. Lucas Jr., Slaviša Tasić

Faculty Scholarship

Behavioral public choice is the study of irrationality among political actors. In this context, irrationality means systematic bias, a deviation from rational expectations, or other departure from economists’ conception of rationality. Behavioral public choice scholars extend the insights of behavioral economics to the political realm and show that irrational behavior is an important source of government failure. This Article makes an original contribution to the legal literature by systematically reviewing the findings of behavioral public choice and explaining their implications for the law and legal institutions. We discuss the various biases and heuristics that lead political actors to support and …


A Close Look At The Relationship Between Poverty And Political Violence In Nepal, Lauren C. Griffin May 2015

A Close Look At The Relationship Between Poverty And Political Violence In Nepal, Lauren C. Griffin

Global Tides

Today, one quarter of Nepal’s population of 27 million lives on a daily income of less than two dollars (Sharma 8). Villages are deprived of an ample water supply, and some areas still lie in ruins from the aftermath of the Maoist insurgency. This paper will seek to understand the role of poverty in the historically and presently unfolding political environment of Nepal. Several factors show direct correlation between poverty and insurgent activity, such as land ownership, level of education and socio-economic standing. Nepal has had a volatile and bloody past in the midst of medieval dynasties, an authoritative monarchy …