“Behavioral Law and Economics” (BLE) is a specialized component of the legal literature that purports to base its conclusions on a branch of economic analysis known as behavioral economics. The central claim of BLE is that by applying findings of behavioral economics to the real world it can...

Regulation of credit use by individuals is as old as human history. Sometimes, however, rationales for aspects of regulations become lost in history to the point that current policy debates about them contain elements of mythology. Nowhere is this truer among kinds of consumer credit than for...

This paper reviews the behavioral literature on inter-temporal choice and decision making under uncertainty and assesses the evidence on behavioral influences affecting consumers' credit decisions. The evidence reviewed suggests that consumers often do not consider all information available in...