Behavioral Law and Economics has become an increasingly prominent field within legal scholarship, and most recently within the corporate area. A behavioral bias of particular relevance in corporate contexts is the differential between individuals' willingness to pay to obtain a legal entitlement...

One of the most challenging problems modern firms face in maintaining information security is the behavior of employees: sharing working credentials with friends, telling friends and family private information, selling intellectual property to competitors, stealing credit card information, and...

The current cultural norms with regard to sharing, cooperation, trust, and punishment are the result of 23 million years of evolution and adaptation. During most of those 23 million years, humans lived in small interactive groups and developed behaviors and strategies to promote cooperation and...

We examine the phenomenon of escalation from an economist's perspective, emphasizing explanations which do not rule out rational behavior on the part of firms or agents. We argue that escalation cannot be established as a separate phenomenon unless these possible alternative explanations are...