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PRICING LEGAL OPTIONS: A BEHAVIORAL PERSPECTIVE Oren Bar-Gill, NYU Law School Review of Law and Economics, Vol. 1, pp. 203-240 (2005) Download the Paper (PDF format) - March 1, 2005 Tell a colleague about it. Printing Tips: Select 'print as image' in the Acrobat print dialog if you have trouble printing. ABSTRACT: Many legal rules can be interpreted as creating options. Option pricing is thus important for understanding the ex ante effects of these rules. And, recognizing that individuals, whose behavior the law aims to influence, are imperfectly rational, a behavioral option pricing model is a potentially helpful tool for legal policy. This paper develops such a model and applies it to a series of legal problems in tort law, contract law, corporate law and criminal law. SUGGESTED CITATION: Oren Bar-Gill, "PRICING LEGAL OPTIONS: A BEHAVIORAL PERSPECTIVE" (March 1, 2005). New York University School of Law. New York University Law and Economics Working Papers. Paper 17. http://lsr.nellco.org/nyu/lewp/papers/17 | REPOSITORY HOME  | SEARCH  | MY ACCOUNT  | NELLCO HOME | Powered by bepress.