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Biasing, Debiasing, and the Law

37 Pages Posted: 12 Feb 2013  

Daniel Pi

George Mason University - Antonin Scalia Law School, Faculty

Francesco Parisi

University of Minnesota - Law School; University of Bologna

Barbara Luppi

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

Date Written: February 11, 2013

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.

Keywords: benevolent biasing, insulating strategies, cognitive leveraging

JEL Classification: D03, D60, K00

Suggested Citation

Pi, Daniel and Parisi, Francesco and Luppi, Barbara, Biasing, Debiasing, and the Law (February 11, 2013). Minnesota Legal Studies Research Paper No. 13-08; U of St. Thomas Legal Studies Research Paper No. 13-02. Available at SSRN: https://ssrn.com/abstract=2215117 or http://dx.doi.org/10.2139/ssrn.2215117

Daniel Pi

George Mason University - Antonin Scalia Law School, Faculty ( email )

3301 Fairfax Drive
Arlington, VA 22201
United States

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

Barbara Luppi

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

Viale Berengario 51
41100 Modena, Modena 41100
Italy

University of St. Thomas School of Law

2115 Summit Avenue
Saint Paul, MN 55105
United States

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