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Biasing, Debiasing, and the LawDaniel PiUniversity of Bologna - Dipartimento di Scienze Economiche Francesco ParisiUniversity of Minnesota - Law School; University of Bologna Barbara LuppiUniversità degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics; University of St. Thomas School of Law February 11, 2013 Minnesota Legal Studies Research Paper No. 13-08 U of St. Thomas Legal Studies Research Paper No. 13-02 Abstract: In this essay, we build on the existing literature on the use of legal strategies for addressing problems of biased judgment and behavior, exploring how heuristics and biases may be exploited to foster efficiency in the presence of other incentive alignment problems. We also introduce two new categories: the hitherto unnoticed counterparts to debiasing and insulating strategies, which we will call "benevolent biasing," and "cognitive leveraging" strategies.
Number of Pages in PDF File: 37 Keywords: benevolent biasing, insulating strategies, cognitive leveraging JEL Classification: D03, D60, K00 working papers seriesDate posted: February 12, 2013Suggested CitationContact Information
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