Spontaneous Order and the Law

This course shows how experimental economics can be used to understand how self-generating and spontaneous orders emerge in law and economics. Participants will receive hands on experience with different institutions in our experimental laboratory. The classroom experiments involve making decisions as buyers and/or sellers who are motivated to find optimal allocations specific to their unique situations. By building on this experience we will then explore a number of different public and private applications to law. Some applications demonstrate how experimental economics can be used to influence court decisions while other applications show how to improve the practice of law.