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Law needs a model of human behavior. The law and economics model has proven quite useful for many reasons, including its parsimony. However, many scholars have concluded that the parsimony comes at an unacceptable cost: too much realism is sacrificed. The challenge is to construct a model that is, in Albert Einstein’s notable phrase, “as simple as possible but no simpler.” Behavioral law and economics and behavioral economics are attempting to rise to the challenge. The Institute for Law and Rationality seeks to contribute to this effort, promoting interdisciplinary collaborations among legal scholars and scholars in such fields as psychology, political science, sociology, anthropology, economics (and neuroeconomics) to inquire into how the law does and should understand human behavior. The Institute’s aim is to help develop a model of human behavior that lawmakers can use to ground public policy. The Institute will conduct seminars and conferences and host distinguished visitors. UPCOMING INSTITUTE EVENTS
*** FALL 2008 SYMPOSIUM *** “Emerging Paradigms of Rationality: Theory and Applications”
Friday, October 31st – Saturday, November 1st University of Minnesota Law School
Organizers: Prof. Claire Hill (University of M
There has been considerable scholarship critiquing and refining the traditional law and economics model of rationality into something more realistic and useful for policymakers. This symposium brings together leading scholars in law, economics, psychology, and other fields to explore the emerging paradigms-- those that go beyond not only the traditional law and economics model but also the first-generation behavioral law and economics models.
Participants: TBA
*** FALL 2008 RECEPTION *** November 6, 2008 - 3:30 p.m. Lindquist and Vennum Conference Room
In honor of the publication of the Self and Other Conference (see April 2007 conference details below) DISTINGUISHED VISITOR(S) TO THE INSTITUTE: (The Institute hosts several Distinguished Visitors each year. Distinguished Visitors are scholars from other institutions whose work falls within the ambit of the Institute. Visitors are in residence at the March 26-7, 2009 - Professor Richard Brooks,Yale Law School Forthcoming - Professor Susan Sered, Senior Research Associate, Suffolk University and Professor June Carbone, Edward A. Smith/Missouri Professor of Law, University of Missouri at Kansas City School of Law - "A Conversation on Women and Trust" Forthcoming - Professor Kevin McCabe, Professor of Economics & Law, THE APRIL 2007 CONFERENCE Self and Other: Cognitive Perspectives on Trust, Empathy and the Self VIEW THE CONFERENCE PRESENTATIONS ONLINE WEBCAST This symposium featured leading scholars from law, economics, and psychology discussing trust, empathy, and the self. Recent work on making the model of human behavior used by legal and economic scholars more realistic considers how people make sense of themselves and of others. How do people construct their views of themselves? What determines when people trust others and to what extent? What role does empathy play in helping people understand other people? How do cognitive processes work in the context of trust and empathy? And how can a model of human behavior be constructed that achieves sufficient realism consistent with the tractability needed for policymaking? The symposium considered these and related issues. Papers will be published in the Minnesota Journal of Law, Science and Technology Details and Distinguished Presenters Topics Agenda PAST EVENTS FROM 2007-08 ACADEMIC YEAR April 28th, 2008, Distinguished Visitor and Speaker Professor Marc-Olivier Baruch, Professor and Director of Studies, Center of Historical Research, L'Ecole des Hautes Etudes en Sciences Sociale, CNRS (Co-sponsored with the Institute for Law and Politics and the Program in Law and History) April 16-18, 2008, Distinguished Visitor Professor Ed McCaffery, Robert C. Packard Trustee Chair in Law, and Professor of Law, Economics and Political Science, University of Southern California Gould School of Law
April 1-3, 2008, Distinguished Visitor Professor Geoffrey P. Miller, Stuyvesant P. Comfort Professor of Law, Director, Center for the Study of Central Banks, February 21- “How Language Does, Must, and Should Affect Law” with A round-table discussion between Prof. John Borrows (Visiting Professor at the law school) and Dean Larry Solan (
November 7-9, 2007, Distinguished Vistor Professor Bruce Chapman, Faculty of Law, INSTITUTE SUPPORT We gratefully acknowledge support from the Gruter Institute for Law and Behavioral Research
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Director Claire A. Hill Advisory Board Avner Ben-Ner Richard Brooks Mary Anne Case Don Langevoort George Loewenstein Geoffrey Miller Frederick Schauer Barbara Anne Spellman Kathleen Vohs Carlson School of Management, Assistant Julie Hunt
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