Journals Higher Education



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Published: 15 January 2015

280 Pages


ISBN: 9780199972050

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Law, Psychology, and Morality

The Role of Loss Aversion

Eyal Zamir

  • Provides a comprehensive analysis of the intricate relationship between loss aversion and the law
  • Explains fundamental features of the entire legal system through the notion of loss aversion
  • Offers a comprehensive, updated introduction to the psychological studies of loss aversion, omission bias, the endowment effect, and related phenomena
  • Captures new insights into the evolutionary theories of the efficiency of the common law
  • Highlights an intriguing correspondence between loss aversion, commonsense and deontological morality, and the law
  • Introduces new normative insights into general questions of lawmaking, and into specific legal debates

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