Seminar: A behavioral theory of contracts

In recent years, behavioral findings on peoples’ bounded rationality have greatly contributed to the understanding of contracts and contract law. The behavioral insights challenge some of the claims of standard economic analysis (and are of relevance to other normative perspectives as well).

Friday, January 25, 2019 - 10:00 to 11:30


Title:  A behavioral theory of contracts

This talk will present a behavioral theory of contracts, which emphasizes the role of factors such as promise keeping and trust, and examines how these factors are affected by the mode of contracting - individually negotiated versus standard-form contracts. The talk will then explore concrete areas of contract law through a behavioral prism, including pre-contractual negotiations, with special emphasis on the role of default rules and other reference points; contract formation; and remedies for breach of contract, including agreed-upon remedies. Finally, the talk will review the growing impact of behavioral findings on the regulation of consumer contracts.

Doron Teichman is the Vice Dean and Jacob I. Berman Chair in Law at the Faculty of Law, The Hebrew University of Jerusalem. Doron is co-author (with Prof. Eyal Zamir) of Behavioral Law and Economics (Oxford University Press; 2018).

If you have any questions regarding the seminar, please contact Professor Henrik Lando, CBS LAW

To sign up send an email to: Deadline: 21 January 2019.

Location: CBS, Augustinus Fonden: Senate meeting room SP D4, Solbjerg Plads 3, 2000 Frederiksberg, Denmark

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The page was last edited by: CBS LAW // 01/16/2019