Titlebook: Behavioral Public Choice Economics and the Law; Eric C. Ip Book 2022 The Author(s), under exclusive license to Springer Nature Singapore P

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https://doi.org/10.1007/978-3-031-02010-0as they enable boundedly rational actors with bounded willpower and bounded self-interest to offset each other’s systemic and potentially catastrophic cognitive biases. However, it would be na?ve to think that such principles could fundamentally eradicate behavioral failures, as cognitive biases may

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2) Treatment of Impossibility in German Law the well-documented public choice insights that public officials routinely fall prey to pressures from special interests. Behavioral public choice theorists add that policy-makers fall prey to their own cognitive biases and heuristics as much as the citizens and firms that they are supposed to regu

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Impossibility in Modern Private Lawe common law could have emerged efficient, incrementally, and without centralized guidance, in spite of the biases and heuristics of judges and litigants. It demonstrates that the system of precedent contains a built-in cognitive structure that can mitigate certain judicial cognitive failures, and c

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Behavioral Public Choice Economics and the Law978-981-19-3230-4Series ISSN 2192-855X Series E-ISSN 2192-8568

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Introduction,es traditionally reserved to political science, making important inroads that challenge conventional assumptions about the benevolence of the state in advancing the public interest. Illuminating public choice enables legal and political actors to grasp the tradeoffs and implications of the multifari

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