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Duke Law and Economics Society.
​Fifth Annual Triangle Law and Economics Conference​.
Pate Skene.
Professor, Duke Institute for Brain Sciences.
Our heuristics and biases have evolved over time. We must be careful not to discount these as "irrational" and extinguish them through "smart" defaults that have not stood the test of time. Nevertheless, regulation informed by behavioral economics may be useful if it is fine-tuned, keeping in mind its proper content and magnitude.
2. How has Behavioral Economics been misused in its applications?
1. What about today's applications of Behavioral Economics to regulation are you optimistic about?
3. Is Behavioral Economics capable of informing us how we ought to arrange society?
4. How may Behavioral Economics be best utilized in crafting policy?
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