8.5.04

FINDING THOSE GAINS FROM TRADE. It's been a while since I visited Legal Theory. Could be a mistake not going there more often. I found an abstract of work that's attempting to bridge the gap between behavioral economists and rational choice economists (which in my view is often about the nature of the constraints people operate under) that calls for careful attention.
However, it may be possible to end the intellectual tug of war between rational choice theorists and behavioralists without turning it into a zero-sum game.
The paper is Professor Solum's Download of the Week and I'm downloading it (Francesco Parisi and Vernon Smith of George Mason wrote it) and posting at the same time.

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