Behavioral Decision Research, Legislation, and Society: Three Cases

Max H. Bazerman, Harvard Business School

Abstract

Economists have a great deal of influence on the legislative and judicial branches of government. This is good. But, the dominance of economics in Washington has led to the undervaluation of other social sciences. This paper explores the limitations of a traditional economics approach, the benefits of the consideration of behavioral decision research and behavioral economics, and an analysis of how this pattern affected decision making in three distinct episodes.

Recommended Citation

Bazerman, Max H. (2007) "Behavioral Decision Research, Legislation, and Society: Three Cases," Capitalism and Society: Vol. 2 : Iss. 1, Article 3.
DOI: 10.2202/1932-0213.1020
Available at: http://www.bepress.com/cas/vol2/iss1/art3

Discussion and Commentary

Jonathan Baron, University of Pennsylvania, Freedom versus Control: Comment on "Behavioral decision research, legislation, and society: Three cases" by Max H. Bazerman (May 2007)