Sessions Information

  • January 8, 2011
    10:30 am - 12:15 pm
    Session Type: Section Programs
    Session Capacity: N/A
    Hotel: Hilton San Francisco Union Square
    Room: Franciscan A
    Floor: Ballroom Level

    Whereas traditional law and economics proceeds on the assumption that individuals rationally maximize pre-specified utility functions, behavioral approaches to law and economics build on empirically-grounded insights about how individuals actually make decisions.  In the last decade, behavioral law and economics has had a wide-ranging impact on legal fields from products liability law to administrative law.  Despite this trend, few legal scholars have thought systematically about how the insights of behavioral economics might be leveraged to design more effective and efficient insurance regulation.  This is particularly surprising given that a robust literature in behavioral economics already documents systematic discrepancies between the predictions of neoclassical economics and how individuals actually purchase and use insurance.  Given that the core goal of insurance regulation is consumer protection, this literature seems ripe to be more fully explored by legal scholars who enjoy comparative expertise in regulatory architecture and design.   This panel aims to accelerate that process.


    Business Meeting at Program Conclusion.

Session Speakers
University of Pennsylvania Carey Law School

Antonin Scalia Law School at George Mason University

University of California, Los Angeles School of Law

University of Minnesota Law School

Georgetown University Law Center

Session Fees
  • 7250 Insurance Law: $0.00