​Fifth Annual Triangle Law and Economics Conference​.

Dan Ariely.

 Behavioral Economist, Duke University.

 

Much regulation is ineffective because it is based on preventing "psychopathic" behavior. For it to be more effective, it must address more realistic problems that lead to poor choices, like conflicts of interest. But for regulation like this to succeed in the U.S., we must move beyond the libertarian ideals that stand opposed to data-backed behavioralism.