Theories of choice: the social science and the law of decision making
Gespeichert in:
| Weitere Verfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Oxford
Oxford University Press
2021
|
| Ausgabe: | First edition |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | xii, 333 Seiten Diagramme 24 cm |
| ISBN: | 9780198863175 |
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| adam_text | Contents List of Contributors xiii Theories of Choice and the Law—An Introduction Stefan Grundmann and Philipp Hacker I. The Problem of Selecting Appropriate Theories of Choice II. The Hidden Assumptions of Theories of Choice III. A Pluralism of Methods and Legal Theory IV. The Four Parts of the Book 1 2 8 10 13 PARTI: FOUNDATIONS 1. The Proper Scope of Behavioural Law and Economics Christoph Engel I. Epistemics and the Law II. Behavioural Law and Economics III. The Prisoner’s Dilemma as a Tool for Legal Analysis IV. The Proper Scope of Behavioural Law and Economics 19 19 22 24 31 2. Rational Choice and its Limits for the Solution of Social and Legal Problems: Three Observations on Behavioural Law and Economics 37 Simon Deakin I. Introduction 37 II. Models Should Be Realistic, but They Remain Models 39 III. The Rationality Axiom Should Be Regarded as Modified Rather than Refuted 44 IV. Behavioural Research Does Not Privilege ‘Libertarian Paternalism’ over Alternative Policy Paradigms 50 V. Conclusion 53 3. Game Theory and the Law: Incomplete Knowledge about the Knowledge of Other Players Marlies Ahlert I. Aims of the Argument II. (Neo-)classical Non-cooperative Game Theory A. Basic Assumptions Concerning ‘Rational’ Preferences B. Basic Assumptions Concerning Theories of Rationality in Equilibrium III. Bounded Rationality in Non-cooperative Games A. Perspective of the Behavioural Economist B. Perspective ofthe Decision Maker C. Perspective of the Advisor 55 55 58 58 59 60 61 64 65
viii CONTENTS 66 69 IV. The Apple Qualcomm Dispute V. Consequences PART II: INDIVIDUAL CHOICE AND THE LAW 4. Most People Like Nudges—and Why that Matters Lucia A. Reisch, Cass R. Sunstein, and Micha Kaiser 73 I. Overview II. Our Study III. Results A. Types of Nudges along Level of Intrusion and Country Cluster B. Multilevel Regression IV. Implications 5. Regulating under Uncertainty about Rationality: From Decision Theory to Machine Learning and Complexity Theory Philipp Hacker I. Uncertainty and Regulation: The Case of Bounded Rationality II. Knightean Uncertainty: Decision Theory A. Ihe Source of Uncertainty: Lack of Studies; Limited Internal and III. IV. V. VI. External Validity B. Regulatory Implications: Decision Making under Uncertainty C. Example: Price Discrimination 1. Effects of price discrimination given rational actors 2. Effects ofprice discrimination given boundedly rational actors 3. Deciding on price discrimination law under uncertainty Approximating Degrees of Rationality: Big Data Analytics A. The Source of Approximation: Big Data and Machine Learning B. Regulatory Implications 1. Aggregate level: cost-benefit analysis and social welfare functions 2. Individual level: personalised law C. Example: Usurious Lending UnpredictableStatesofthe World: Complexity Theory A. The Source of Unpredictability: Complexity B. Regulatory Implications: Accommodating and Reducing Uncertainty C. Example: Smart Contracts and the Governance of Blockchains The Normative Core of Uncertainty Approaches to the Law Conclusion: Cycles of Uncertainty and the Law 6. Did You Say
‘Theories of Choice’? On the Limited and Variable Appetite for Theories in Consumer Law Anne-Lise Sibony I. Introduction: Reasons to Lower Ambitions 73 76 79 79 83 85 87 88 89 89 90 91 92 94 96 98 99 100 100 101 102 103 104 105 107 111 112 115 115
CONTENTS II. Legislation: Is There alheory of Choice? The Example of EU Consumer Protection A. EU Consumer Policy: Information-based Theory of Choice can be Sticky B. Does the Legislator Need a Theory of Choice? III. Legal Scholarship: The Space for Theories of Choice A. Opening the Space for Theories of Choice B. Shaping the Discussion of Theories of Choice: Deep and Narrow or Wide and Shallow? IV. Conclusion ІХ 120 121 125 129 129 131 134 PART III: COLLECTIVE CHOICE AND THE LAW 7. Itinera Europea: Four Scenarios and Their Plausibility Adrienne Héritier I. Introduction II. Scenario One: A European Federal State III. Scenario Two: A Differentiated, Flexible Union IV. Scenario Three: Covert Integration V. Scenario Four: Disintegration/Dissolution VI. Conclusion: Fluctuat nec mergitur’ 8. The Social Welfare Function: A New Tool for Regulatory Policy Analysis Matthew D. Adler I. The SWF Framework II. The SWF as a Tool for Regulatory Policy Analysis III. SWF versus CBA IV. A Simulation Model V. Conclusion 9. Collective Intelligence: Crowd Wisdom versus Herding Andreas Engert I. Introduction II. Statistics of Collective Intelligence A. Condorcet Jury Theorem B. Individual Judgment as Basis C. Statistical Determinants of Collective Intelligence 1. Bias 2. Variance D. Are Groups Wiser Than Individuals? III. Generation of Collective Intelligence A. Surveying B. Prediction Markets 1. Design 2. Limitations 139 139 141 144 146 148 149 155 157 161 165 169 177 179 !79 182 182 184 186 186 187 188 190 190 193 193 195
X CONTENTS C. Deliberation 1. Information suppression (‘herding’) 2. Information discovery IV. Conclusion 198 199 201 202 PART IV: ORGANISATIONAL CHOICE AND THE LAW A. Firms 10. Decision Theory and Allocating Decision Making in the Firm Julian Velasco I. Delaware Corporate Law A. Institutional Choice B. Conflicts of Interest C. Cost-Benefit Analysis D. Conclusion II. Beyond Delaware Corporate Law A. Deciding on a Goal В Various Forms of Business Organisation C. Benefit Corporations III. Conclusion 11. Institutional Investor Voting Behaviour: A Network Theory Perspective Luca Enriques and Alessandro Romano I. Introduction II. Setting the Scene: Corporate Governance and Informed Voting III. Explaining Voting by Institutional Investors: The Atomistic Approach IV. How Connections Affect Institutional Investor Voting Dynamics A. Inter-Institutional Connections B. Formal Networks C. Geographically Linked Networks D. Employees’ Personal Networks and Career Concerns E. Intra-Clique Cooperation and Inter-Clique Competition: Co-Ownership Ties E Can Cooperation Emerge and Be Sustained? 1. Formal networks 2. Information sharing V. Conclusion 209 211 211 214 216 221 222 222 223 225 225 227 228 232 235 243 245 246 247 247 251 255 255 258 261
CONTENTS ХІ B. Institutions, Networks, and Courts 12. Conflict oflnterest and Decision Making Geneviève Helleringer I. Relevance of Decision Making to Analyse Conflicts oflnterest A. Impaired Judgment Making as a Key Feature of Conflict oflnterest 1. Defining COI: insights from analytical philosophy 2. Further distinctions among conflicts ofinterest B. Bounded Rationality and Conflicted Behaviours 1. Rationalisation 2. Invulnerability II. Ethical Decision-Making in Conflict oflnterest Situations A. The Inadequacy of Existing Policies 1. Standards of behaviour 2. Procedural requirements B. Building a Norm-Rich Decision-Making Culture 1. The role of norms in decision-making 2. Promoting ethical decision-making III. Conclusion 13. Decision Making in Chains and Networks of Contracts Stefan Grundmann I. Phenotypes ofLong-term/Network Organisational Contracts A. Long-term Relationships and Network—A Variety of Arrangements and Core Characteristics B. Social Sciences Explanations ofLong-term/Network Organisational Contracts II. Decision Theories Related to Long-term/Network Contracts A. Introduction to Decision Theories for Organisational Contracts—A Pluralist Stance B. Decision Making under Uncertainty C. Informational Cascades, Wisdom of Collective Learning, or Apathy? D. The Role of Game Theory—Including Repeated Games and Mutual Aspiration Theory E. A House of Mutual Trust and Generous Reciprocity III. Legal Impheations of Decision Theories for Long-term/Network Organisational Contracts? A. Disgorgement of Windfall Profits? B. Protection of Common Value? C. The Need of Direct
Duties and Claims—namely, Information? D. Caveats IV. Conclusion 265 269 269 269 272 273 274 274 275 275 275 276 277 278 280 281 283 284 284 287 288 288 292 294 296 298 300 301 303 305 307 308
xii CONTENTS 14. The Power of Sequence: A Quantum Perspective on Legal Decision Making Christopher Brett Jaeger and Jennifer S. Trueblood I. What is Quantum Decision Making? II. Why Use Quantum Probability Theory? III. When Can Quantum Decision Making Most Usefully Inform Law? IV. How Can Quantum Decision Making Inform Law? Examples with Juror Judgments V. Conclusion Index 309 311 315 316 318 325 327
|
| adam_txt |
Contents List of Contributors xiii Theories of Choice and the Law—An Introduction Stefan Grundmann and Philipp Hacker I. The Problem of Selecting Appropriate Theories of Choice II. The Hidden Assumptions of Theories of Choice III. A Pluralism of Methods and Legal Theory IV. The Four Parts of the Book 1 2 8 10 13 PARTI: FOUNDATIONS 1. The Proper Scope of Behavioural Law and Economics Christoph Engel I. Epistemics and the Law II. Behavioural Law and Economics III. The Prisoner’s Dilemma as a Tool for Legal Analysis IV. The Proper Scope of Behavioural Law and Economics 19 19 22 24 31 2. Rational Choice and its Limits for the Solution of Social and Legal Problems: Three Observations on Behavioural Law and Economics 37 Simon Deakin I. Introduction 37 II. Models Should Be Realistic, but They Remain Models 39 III. The Rationality Axiom Should Be Regarded as Modified Rather than Refuted 44 IV. Behavioural Research Does Not Privilege ‘Libertarian Paternalism’ over Alternative Policy Paradigms 50 V. Conclusion 53 3. Game Theory and the Law: Incomplete Knowledge about the Knowledge of Other Players Marlies Ahlert I. Aims of the Argument II. (Neo-)classical Non-cooperative Game Theory A. Basic Assumptions Concerning ‘Rational’ Preferences B. Basic Assumptions Concerning Theories of Rationality in Equilibrium III. Bounded Rationality in Non-cooperative Games A. Perspective of the Behavioural Economist B. Perspective ofthe Decision Maker C. Perspective of the Advisor 55 55 58 58 59 60 61 64 65
viii CONTENTS 66 69 IV. The Apple Qualcomm Dispute V. Consequences PART II: INDIVIDUAL CHOICE AND THE LAW 4. Most People Like Nudges—and Why that Matters Lucia A. Reisch, Cass R. Sunstein, and Micha Kaiser 73 I. Overview II. Our Study III. Results A. Types of Nudges along Level of Intrusion and Country Cluster B. Multilevel Regression IV. Implications 5. Regulating under Uncertainty about Rationality: From Decision Theory to Machine Learning and Complexity Theory Philipp Hacker I. Uncertainty and Regulation: The Case of Bounded Rationality II. Knightean Uncertainty: Decision Theory A. Ihe Source of Uncertainty: Lack of Studies; Limited Internal and III. IV. V. VI. External Validity B. Regulatory Implications: Decision Making under Uncertainty C. Example: Price Discrimination 1. Effects of price discrimination given rational actors 2. Effects ofprice discrimination given boundedly rational actors 3. Deciding on price discrimination law under uncertainty Approximating Degrees of Rationality: Big Data Analytics A. The Source of Approximation: Big Data and Machine Learning B. Regulatory Implications 1. Aggregate level: cost-benefit analysis and social welfare functions 2. Individual level: personalised law C. Example: Usurious Lending UnpredictableStatesofthe World: Complexity Theory A. The Source of Unpredictability: Complexity B. Regulatory Implications: Accommodating and Reducing Uncertainty C. Example: Smart Contracts and the Governance of Blockchains The Normative Core of Uncertainty Approaches to the Law Conclusion: Cycles of Uncertainty and the Law 6. Did You Say
‘Theories of Choice’? On the Limited and Variable Appetite for Theories in Consumer Law Anne-Lise Sibony I. Introduction: Reasons to Lower Ambitions 73 76 79 79 83 85 87 88 89 89 90 91 92 94 96 98 99 100 100 101 102 103 104 105 107 111 112 115 115
CONTENTS II. Legislation: Is There alheory of Choice? The Example of EU Consumer Protection A. EU Consumer Policy: Information-based Theory of Choice can be Sticky B. Does the Legislator Need a Theory of Choice? III. Legal Scholarship: The Space for Theories of Choice A. Opening the Space for Theories of Choice B. Shaping the Discussion of Theories of Choice: Deep and Narrow or Wide and Shallow? IV. Conclusion ІХ 120 121 125 129 129 131 134 PART III: COLLECTIVE CHOICE AND THE LAW 7. Itinera Europea: Four Scenarios and Their Plausibility Adrienne Héritier I. Introduction II. Scenario One: A European Federal State III. Scenario Two: A Differentiated, Flexible Union IV. Scenario Three: Covert Integration V. Scenario Four: Disintegration/Dissolution VI. Conclusion: 'Fluctuat nec mergitur’ 8. The Social Welfare Function: A New Tool for Regulatory Policy Analysis Matthew D. Adler I. The SWF Framework II. The SWF as a Tool for Regulatory Policy Analysis III. SWF versus CBA IV. A Simulation Model V. Conclusion 9. Collective Intelligence: Crowd Wisdom versus Herding Andreas Engert I. Introduction II. Statistics of Collective Intelligence A. Condorcet Jury Theorem B. Individual Judgment as Basis C. Statistical Determinants of Collective Intelligence 1. Bias 2. Variance D. Are Groups Wiser Than Individuals? III. Generation of Collective Intelligence A. Surveying B. Prediction Markets 1. Design 2. Limitations 139 139 141 144 146 148 149 155 157 161 165 169 177 179 !79 182 182 184 186 186 187 188 190 190 193 193 195
X CONTENTS C. Deliberation 1. Information suppression (‘herding’) 2. Information discovery IV. Conclusion 198 199 201 202 PART IV: ORGANISATIONAL CHOICE AND THE LAW A. Firms 10. Decision Theory and Allocating Decision Making in the Firm Julian Velasco I. Delaware Corporate Law A. Institutional Choice B. Conflicts of Interest C. Cost-Benefit Analysis D. Conclusion II. Beyond Delaware Corporate Law A. Deciding on a Goal В Various Forms of Business Organisation C. Benefit Corporations III. Conclusion 11. Institutional Investor Voting Behaviour: A Network Theory Perspective Luca Enriques and Alessandro Romano I. Introduction II. Setting the Scene: Corporate Governance and Informed Voting III. Explaining Voting by Institutional Investors: The Atomistic Approach IV. How Connections Affect Institutional Investor Voting Dynamics A. Inter-Institutional Connections B. Formal Networks C. Geographically Linked Networks D. Employees’ Personal Networks and Career Concerns E. Intra-Clique Cooperation and Inter-Clique Competition: Co-Ownership Ties E Can Cooperation Emerge and Be Sustained? 1. Formal networks 2. Information sharing V. Conclusion 209 211 211 214 216 221 222 222 223 225 225 227 228 232 235 243 245 246 247 247 251 255 255 258 261
CONTENTS ХІ B. Institutions, Networks, and Courts 12. Conflict oflnterest and Decision Making Geneviève Helleringer I. Relevance of Decision Making to Analyse Conflicts oflnterest A. Impaired Judgment Making as a Key Feature of Conflict oflnterest 1. Defining COI: insights from analytical philosophy 2. Further distinctions among conflicts ofinterest B. Bounded Rationality and Conflicted Behaviours 1. Rationalisation 2. Invulnerability II. Ethical Decision-Making in Conflict oflnterest Situations A. The Inadequacy of Existing Policies 1. Standards of behaviour 2. Procedural requirements B. Building a Norm-Rich Decision-Making Culture 1. The role of norms in decision-making 2. Promoting ethical decision-making III. Conclusion 13. Decision Making in Chains and Networks of Contracts Stefan Grundmann I. Phenotypes ofLong-term/Network Organisational Contracts A. Long-term Relationships and Network—A Variety of Arrangements and Core Characteristics B. Social Sciences Explanations ofLong-term/Network Organisational Contracts II. Decision Theories Related to Long-term/Network Contracts A. Introduction to Decision Theories for Organisational Contracts—A Pluralist Stance B. Decision Making under Uncertainty C. Informational Cascades, Wisdom of Collective Learning, or Apathy? D. The Role of Game Theory—Including Repeated Games and Mutual Aspiration Theory E. A House of Mutual Trust and Generous Reciprocity III. Legal Impheations of Decision Theories for Long-term/Network Organisational Contracts? A. Disgorgement of Windfall Profits? B. Protection of Common Value? C. The Need of Direct
Duties and Claims—namely, Information? D. Caveats IV. Conclusion 265 269 269 269 272 273 274 274 275 275 275 276 277 278 280 281 283 284 284 287 288 288 292 294 296 298 300 301 303 305 307 308
xii CONTENTS 14. The Power of Sequence: A Quantum Perspective on Legal Decision Making Christopher Brett Jaeger and Jennifer S. Trueblood I. What is Quantum Decision Making? II. Why Use Quantum Probability Theory? III. When Can Quantum Decision Making Most Usefully Inform Law? IV. How Can Quantum Decision Making Inform Law? Examples with Juror Judgments V. Conclusion Index 309 311 315 316 318 325 327 |
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| institution | BVB |
| isbn | 9780198863175 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-032657448 |
| oclc_num | 1237254706 |
| open_access_boolean | |
| owner | DE-12 DE-188 DE-473 DE-BY-UBG DE-521 |
| owner_facet | DE-12 DE-188 DE-473 DE-BY-UBG DE-521 |
| physical | xii, 333 Seiten Diagramme 24 cm |
| publishDate | 2021 |
| publishDateSearch | 2021 |
| publishDateSort | 2021 |
| publisher | Oxford University Press |
| record_format | marc |
| spelling | Theories of choice the social science and the law of decision making edited by Stefan Grundmann and Philipp Hacker First edition Oxford Oxford University Press 2021 xii, 333 Seiten Diagramme 24 cm txt rdacontent n rdamedia nc rdacarrier Wahlfreiheit (DE-588)4188913-7 gnd rswk-swf Entscheidungsfindung (DE-588)4113446-1 gnd rswk-swf Wahlmöglichkeit (DE-588)4188922-8 gnd rswk-swf Sozialwissenschaften (DE-588)4055916-6 gnd rswk-swf Rechtstheorie (DE-588)4126505-1 gnd rswk-swf Judicial process / Social aspects (DE-588)4143413-4 Aufsatzsammlung gnd-content Wahlfreiheit (DE-588)4188913-7 s Entscheidungsfindung (DE-588)4113446-1 s Rechtstheorie (DE-588)4126505-1 s Sozialwissenschaften (DE-588)4055916-6 s DE-604 Wahlmöglichkeit (DE-588)4188922-8 s Grundmann, Stefan 1958- (DE-588)129283142 edt Hacker, Philipp 1985- (DE-588)1033335983 edt Digitalisierung UB Bamberg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032657448&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1 |
| spellingShingle | Theories of choice the social science and the law of decision making Wahlfreiheit (DE-588)4188913-7 gnd Entscheidungsfindung (DE-588)4113446-1 gnd Wahlmöglichkeit (DE-588)4188922-8 gnd Sozialwissenschaften (DE-588)4055916-6 gnd Rechtstheorie (DE-588)4126505-1 gnd |
| subject_GND | (DE-588)4188913-7 (DE-588)4113446-1 (DE-588)4188922-8 (DE-588)4055916-6 (DE-588)4126505-1 (DE-588)4143413-4 |
| title | Theories of choice the social science and the law of decision making |
| title_auth | Theories of choice the social science and the law of decision making |
| title_exact_search | Theories of choice the social science and the law of decision making |
| title_exact_search_txtP | Theories of choice the social science and the law of decision making |
| title_full | Theories of choice the social science and the law of decision making edited by Stefan Grundmann and Philipp Hacker |
| title_fullStr | Theories of choice the social science and the law of decision making edited by Stefan Grundmann and Philipp Hacker |
| title_full_unstemmed | Theories of choice the social science and the law of decision making edited by Stefan Grundmann and Philipp Hacker |
| title_short | Theories of choice |
| title_sort | theories of choice the social science and the law of decision making |
| title_sub | the social science and the law of decision making |
| topic | Wahlfreiheit (DE-588)4188913-7 gnd Entscheidungsfindung (DE-588)4113446-1 gnd Wahlmöglichkeit (DE-588)4188922-8 gnd Sozialwissenschaften (DE-588)4055916-6 gnd Rechtstheorie (DE-588)4126505-1 gnd |
| topic_facet | Wahlfreiheit Entscheidungsfindung Wahlmöglichkeit Sozialwissenschaften Rechtstheorie Aufsatzsammlung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=032657448&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT grundmannstefan theoriesofchoicethesocialscienceandthelawofdecisionmaking AT hackerphilipp theoriesofchoicethesocialscienceandthelawofdecisionmaking |