Klick on Libertarian Paternalism: The Dangers of Letting Someone Else Decide
Jonathan Klick (Penn) is next up in the Cato Unbound forum on libertarian paternalism featuring entries from Glen Whitman and Richard Thaler (and one from Shane Frederick coming). My initial reaction...
View ArticleFacile claims of behavioral economics: too much choice; not enough privacy
Chris Hoofnagle writing at the TAP blog about Facebook’s comprehensive privacy options (“To opt out of full disclosure of most information, it is necessary to click through more than 50 privacy...
View ArticleJudge Posner on Financial Reform and the Consumer Financial Protection Bureau
Judge Posner offers his thoughts on financial reform, mostly negative, at Bloomberg. The thrust of the essay is that the financial regulation produced by the political process has, at best, a poor...
View ArticleWho Will Run the New CFPB and How Will They Run It?
The new Consumer Financial Protection Bureau is right around the corner Talk has now turned to who might run the powerful agency and what it might do. The WSJ names names: Democratic leaders in...
View ArticleNudging Antitrust? Commissioner Rosch’s Weak Case for “Behavioral Antitrust”...
Increasingly, the notion that updating antitrust policy with the insights of behavioral economics would significantly improve matters for consumers. Others have called for more major surgery,...
View ArticleA “Plain Vanilla” Proposal for Behavioral Law and Economics
I’ve been, for some time, a behavioral law and economics skeptic. Sometimes this position is confused with skepticism about behavioral economics, as in — believing that behavioral economics itself...
View ArticleWhen political preferences masquerade as political necessity
Josh has recently discussed his thoughts about the intellectual trajectory of the newly-minted CFPB and how that intellectual trajectory might influence the selection of the Bureau’s first...
View ArticleMore on Elizabeth Warren on Theory and Interpreting Data
With all the talk about the CFPB, Elizabeth Warren has been in the news lately. The blogs too. Most of the discussion has been about whether or not Timothy Geithner is a friend or foe to the...
View ArticleBehavioral Economics and Consumer Financial Protection for “Nitwits”
In a recent NY Times column largely devoted to improving soccer in various ways and how those methods might be used to improve financial regulation as well, behavioral economist and Nudge author...
View ArticleWhich CFPB Will We Get?
Todd mentions Elizabeth Warren’s “kick off” speech for the CFPB, in which she accepts the new “President and Special Advisor to the Secretary of the Treasury?” gig, and tells us what the new Bureau is...
View ArticleIn Elizabeth Warren We Trust?
Todd Zywicki chimes in (WSJ): The head of the Consumer Financial Protection Bureau is one of the most powerful bureaucratic positions ever created in the American political system. It can regulate or...
View ArticleMisbehavioral Economics: The Case Against Behavioral Antitrust
In a policy speech earlier this year, Commissioner J. Thomas Rosch of the Federal Trade Commission advocating the incorporation of behavioral economics into antitrust analysis suggested one concern...
View ArticleDo Republicans Hate Behavioral Economics?
Ezra Klein has an interesting blog post covering Peter Diamond’s nomination to Federal Reserve Board. The standard refrain in this debate has been something like: “See! The Republicans blocked Diamond...
View ArticleWelcome to “Free to Choose?: A Symposium on Behavioral Law and Economics”
Welcome! The rise of behavioral economics, and in turn, behavioral law and economics, has been one of the most significant developments in either field in a remarkably short period of time. In 2010,...
View ArticleGeoffrey Manne on Interesting doesn’t necessarily mean policy relevant
Geoffrey A. Manne is Executive Director of the International Center for Law & Economics and Lecturer in Law at Lewis & Clark Law School The problem with behavioral law and economics (and its...
View ArticleRonald Mann on Nudging from Debt
Ronald Mann is a Professor of Law at Columbia Law School The idea that the regularity of behavioral departures from full rationality justifies regulatory intervention has rarely gained more credence...
View ArticleRichard Epstein on The Dangerous Allure of Behavioral Economics: The...
Richard A. Epstein is the Laurence A. Tisch Professor of Law, New York University School of Law, The Peter and Kirsten Bedford Senior Fellow, The Hoover Institution, and the James Parker Hall...
View ArticleTom Brown on Camel Spotting — Is Behavioral Economics Really Beyond Redemption?
Tom Brown is a partner at O’Melveny and Myers and Lecturer at UC Berkeley School of Law. At the outset let me thank our hosts for inviting me to participate in what I have come to think of as Truth On...
View ArticleJudd Stone on Behavioral Economics, Administrative Agencies, and Unintended...
Professors Henderson and Ribstein touch on two theoretical failures of the behavioralist movement which both reveal the prematurity of ‘behaviorally-informed’ regulatory proposals: the behavioralist...
View ArticleGinsburg and Wright on A Taxonomy of Behavioral Law and Economics Skepticism
Douglas Ginsburg is Circuit Judge, U.S. Court of Appeals for the District of Columbia. Joshua Wright is Associate Professor, George Mason University School of Law. The behavioral economics research...
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