Donald C. Langevoort (Georgetown University Law Center) has posted Behavioral Approaches to Corporate Law (RESEARCH HANDBOOK ON THE ECONOMICS OF CORPORATE LAW, Claire A. Hill and Brett H. McDonnell eds., Northampton, Mass.: Edward Elgar 2012) on SSRN. Here is the abstract:
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This chapter reviews the challenges associated with developing a plausible theory of why psychological "heuristics and biases" might persist in high-stakes business settings. Specific attention is given to issues of loyalty on corporate boards, behavioral finance, and corporate cultures.