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Judge Ai: Assessing Large Language Models In Judicial Decision-Making, Eric A. Posner, Shivam Saran
Judge Ai: Assessing Large Language Models In Judicial Decision-Making, Eric A. Posner, Shivam Saran
Coase-Sandor Institute for Law & Economics Research Paper Series
Can large language models (LLMs) replace human judges? By replicating a prior 2 x 2 factorial experiment conducted on 31 U.S. federal judges, we evaluate the legal reasoning of OpenAI’s GPT-4o. The experiment involves a simulated appeal in an international war crimes case, with two altered variables: the degree to which the defendant is sympathetically portrayed and the consistency of the lower court’s decision with precedent. We find that GPT-4o is strongly affected by precedent but not by sympathy, similar to students who were subjects in the same experiment but the opposite of the professional judges, who were influenced by …
A Modern Defense Of Simple Rules For A Complex World, Richard Epstein
A Modern Defense Of Simple Rules For A Complex World, Richard Epstein
Articles
My 1995 book Simple Rules for a Complex World articulated a general proposition that, in most situations, simple legal rules perform better in two key dimensions: (1) they are simpler to interpret and enforce, and (2) they generate efficient incentives on the parties to whom they apply. I then applied that view to matters of general legal theory, to matters of environmental law, and to disputes over labor. These principles apply to all forms of legal regulation, but in this Article, I shall limit my analysis to the five articles in this Collection. These are by Richard Revesz on global …
What’S The Use?: Interpreting The Term “Uses” In The Aggravated Identity Theft Provision, Shang-Chi Andrew Liu
What’S The Use?: Interpreting The Term “Uses” In The Aggravated Identity Theft Provision, Shang-Chi Andrew Liu
University of Chicago Law Review
The Identity Theft Penalty Enhancement Act (ITPEA) increases penalties for crimes that involve the unlawful use of another person’s identifying information. A subsection of the ITPEA—the aggravated identity theft provision—imposes a mandatory two-year sentencing enhancement on a defendant who “uses” a means of identification of another person during and in relation to a predicate felony. Currently, federal circuit courts disagree about whether the term “uses” in the statute is ambiguous and whether the rule of lenity should consequently apply to narrow its reach. On the one hand, courts that have held the statute to be ambiguous apply the rule of …
Regulatory Enforcement Under New York's Martin Act: From Financial Fraud To Global Warming, Richard A. Epstein
Regulatory Enforcement Under New York's Martin Act: From Financial Fraud To Global Warming, Richard A. Epstein
Articles
No abstract provided.
Regulating The Shadow Banking System In China, Megan Lindgren
Regulating The Shadow Banking System In China, Megan Lindgren
International Program Papers
No abstract provided.
Data Pollution, Omri Ben-Shahar
Data Pollution, Omri Ben-Shahar
Public Law and Legal Theory Working Papers
Digital information is the fuel of the new economy. But like the old economy’s carbon fuel, it also pollutes. Harmful “data emissions” are leaked into the digital ecosystem, disrupting social institutions and public interests. This article develops a novel framework—data pollution—to rethink the harms the data economy creates and the way they have to be regulated. It argues that social intervention should focus on the external harms from collection and misuse of personal data. The article challenges the hegemony of the prevailing view—that the injuries from digital data enterprise are exclusively private. That view has led lawmakers to focus solely …
Data Pollution, Omri Ben-Shahar
Data Pollution, Omri Ben-Shahar
Coase-Sandor Institute for Law & Economics Research Paper Series
Digital information is the fuel of the new economy.But like the old economy’s carbon fuel, it also pollutes. Harmful “data emissions” are leaked into the digital ecosystem, disrupting social institutions and public interests. This article develops a novel framework—data pollution— to rethink the harms the data economy creates and the way they have to be regulated. It argues that social intervention should focus on the external harms from collection and misuse of personal data. The article challenges the hegemony of the prevailing view—that the injuries from digital data enterprise are exclusively private. That view has led lawmakers to focus solely …
Self-Regulation For The Mortgage Industry, M. Todd Henderson
Self-Regulation For The Mortgage Industry, M. Todd Henderson
University of Chicago Legal Forum
No abstract provided.
Making Sure "The Buck Stops Here": Barring Executives For Corporate Violations, Peter J. Henning
Making Sure "The Buck Stops Here": Barring Executives For Corporate Violations, Peter J. Henning
University of Chicago Legal Forum
No abstract provided.
White-Collar Crime And The Recession: Was The Chicken Or Egg First?, Ellen S. Podgor
White-Collar Crime And The Recession: Was The Chicken Or Egg First?, Ellen S. Podgor
University of Chicago Legal Forum
No abstract provided.
White-Collar Crime And Economic Recession, Anton R. Valukas
White-Collar Crime And Economic Recession, Anton R. Valukas
University of Chicago Legal Forum
No abstract provided.
The Federal Bank Fraud Statute: A Plain Interpretation, Joseph Callister
The Federal Bank Fraud Statute: A Plain Interpretation, Joseph Callister
University of Chicago Legal Forum
No abstract provided.
Liberty, Patriarchy, And Feminism, Richard A. Epstein
Liberty, Patriarchy, And Feminism, Richard A. Epstein
University of Chicago Legal Forum
No abstract provided.
Solving The Drug Enforcement Dilemma: Lessons From Economics, Stephen J. Schulhofer
Solving The Drug Enforcement Dilemma: Lessons From Economics, Stephen J. Schulhofer
University of Chicago Legal Forum
No abstract provided.
Self-Regulation For The Mortgage Industry, M. Todd Henderson
Self-Regulation For The Mortgage Industry, M. Todd Henderson
Coase-Sandor Institute for Law & Economics Research Paper Series
This Article proposes an alternative to direct government regulation of mortgage brokers: self-regulation of the mortgage industry that mimics the arguably successful self-regulation of the securities industry that has occurred over the past two centuries. Although not without its problems, self-regulation of securities brokers operates more efficiently than government regulation. For example, self-regulation allows for industry expertise to be deployed at low cost and is built on trust and reciprocity, which reduce enforcement costs. In addition, self-regulation locates power at its smallest point and encourages efficient resolution of disputes by ensuring commensurable regulatory intervention. Most crucially for the mortgage industry, …
Self-Regulation For The Mortgage Industry, M. Todd Henderson
Self-Regulation For The Mortgage Industry, M. Todd Henderson
Articles
No abstract provided.
The Evolving Economic Structure Of Higher Education, Henry Hansmann
The Evolving Economic Structure Of Higher Education, Henry Hansmann
University of Chicago Law Review
No abstract provided.
When Does Competition Improve Regulation?, Frank H. Easterbrook
When Does Competition Improve Regulation?, Frank H. Easterbrook
Articles
No abstract provided.
Liberty, Patriarchy, And Feminism, Richard A. Epstein
Glen Lloyd Elected Board Chairman, Law School Record Editors
Glen Lloyd Elected Board Chairman, Law School Record Editors
The University of Chicago Law School Record
No abstract provided.
Report On The Class Of 1931 After Twenty-Five Years, William G. Burns
Report On The Class Of 1931 After Twenty-Five Years, William G. Burns
The University of Chicago Law School Record
No abstract provided.
Puttkammer And Sears To Retire, Law School Record Editors
Puttkammer And Sears To Retire, Law School Record Editors
The University of Chicago Law School Record
No abstract provided.
Law School Record, In Its Entirety, Law School Record Editors
Law School Record, In Its Entirety, Law School Record Editors
The University of Chicago Law School Record
No abstract provided.