Seduction by Contract - Oren Bar-Gill

Seduction by Contract

By Oren Bar-Gill

  • Release Date: 2012-08-23
  • Genre: Law

Description

Seduction by Contract explains how consumer contracts emerge from market forces and consumer psychology. Consumers' predictable mistakes - they are short-sighted, optimistic, and imperfectly rational - compel sellers to compete by hiding the true costs of products in complex, misleading contracts. Only better law can overcome the market's failure.