The Legal Analyst

by Farnsworth, Ward

• ISBN13: 9780226238357
• ISBN10: 0226238350
• Format: Paperback
• Copyright: 2007-06-15
• Publisher: Univ of Chicago Pr

Summary

Drawing on economics, game theory, psychology, jurisprudence, and other fields. Ward Farnsworth's The Legal Analyst is a fascinating guide to tools for thinking about the law. Every idea is taught step-by-step, explained in clear, lively language, and illustrated with telling examples. The result is an indispensable book for law students, lawyers, scholars, and anyone else interested in legal questions. Book jacket.

Author Biography

Ward Farnsworth, who clerked for both Judge Richard A. Posner and Justice Anthony M. Kennedy, is professor of law and Nancy Barton Scholar at the Boston University School of Law. He is the coauthor of Torts: Cases and Questions.
 
 
 

Table of Contents

Preface	p. vii
Acknowledgments	p. xi
Incentives
Ex Ante and Ex Post	p. 3
The Idea of Efficiency	p. 13
Thinking at the Margin	p. 24
The Single Owner	p. 37
The Least Cost Avoider	p. 47
Administrative Cost	p. 57
Rents	p. 66
The Coase Theorem	p. 75
Trust, Cooperation, and Other Problems for Multiple Players
Agency	p. 87
The Prisoner's Dilemma	p. 100
Public Goods	p. 109
The Stag Hunt	p. 117
Chicken	p. 126
Cascades	p. 136
Voting Paradoxes	p. 144
Suppressed Markets	p. 152
Jurisprudence
Rules and Standards	p. 163
Slippery Slopes	p. 172
Acoustic Separation	p. 182
Property Rules and Liability Rules	p. 188
Baselines	p. 198
Psychology
Willingness to Pay and Willingness to Accept: The Endowment Effect and Kindred Ideas	p. 209
Hindsight Bias	p. 218
Framing Effects	p. 224
Anchoring	p. 230
Self-Serving Bias, with a Note on Attribution Error	p. 237
Problems of Proof
Presumptions	p. 249
Standards of Proof	p. 257
The Product Rule	p. 273
The Base Rate	p. 281
Value and Markets	p. 294
Notes	p. 305
Author Index	p. 329
Subject Index	p. 335
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