Behavioral Models in Tort Law

37 Pages Posted: 24 Oct 2012

See all articles by Barbara Luppi

Barbara Luppi

University of St. Thomas School of Law; Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics

Francesco Parisi

University of Minnesota - Law School; University of Bologna

Date Written: October 23, 2012

Abstract

In this paper, we illustrate how different behavioral problems can be incorporated into the standard economic model of tort law. Through this exercise, we develop a modeling language that can be utilized by law and economic scholars when considering the effect of behavioral biases and cognitive imperfections in tort law. We use these models in conjunction with the standard taxonomy of psychological biases, to show the effect of different biases on the behavior of tort agents. The models we present are applicable to a wide range of tort problems, and have the potential for application to a broader range of legal problems.

Keywords: behavioral biases, social biases, memory biases, tort law

JEL Classification: K13, K43, D03, D81

Suggested Citation

Luppi, Barbara and Parisi, Francesco, Behavioral Models in Tort Law (October 23, 2012). U of St. Thomas Legal Studies Research Paper No. 12-37; Minnesota Legal Studies Research Paper No. 12-56. Available at SSRN: https://ssrn.com/abstract=2165856 or http://dx.doi.org/10.2139/ssrn.2165856

Barbara Luppi

University of St. Thomas School of Law

2115 Summit Avenue
Saint Paul, MN 55105
United States

Università degli studi di Modena e Reggio Emilia (UNIMORE) - Faculty of Business and Economics ( email )

Viale Berengario 51
41100 Modena, Modena 41100
Italy

Francesco Parisi (Contact Author)

University of Minnesota - Law School ( email )

229 19th Avenue South
Minneapolis, MN 55455
United States

University of Bologna ( email )

Piazza Scaravilli 1
40126 Bologna, fc 47100
Italy

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