Academic

Fables of the Reconstruction: Human Emotion and Behavioral Heuristics in Environmental Economics

Posted on October 04, 2020
James Ming Chen, Fables of the Reconstruction: Human Emotion and Behavioral Heuristics in Environmental Economics, available at http://ssrn.com/abstract=2705196 or http://bit.ly/FablesReconstruction: Environmental economics provides an especially rich source of insights into the impact of emotion, cognitive bias, and behavioral heuristics on risk assessment and management...

Momentary Lapses of Reason: The Psychophysics of Law and Behavior

Posted on November 04, 2015
James Ming Chen, Momentary Lapses of Reason: The Psychophysics of Law and Behavior, available at http://ssrn.com/abstract=2683557 or http://bit.ly/MomentaryLapses: The conventional capital asset pricing model (CAPM) remains the preferred approach to risk management in a wide range of economic settings...

Law on the market

Posted on August 29, 2015
Daniel Martin Katz, Michael James Bommarito, Tyler Soellinger & James Ming Chen, Law on the Market? Evaluating the Securities Market Impact of Supreme Court Decisions, available at http://ssrn.com/abstract=2649726 or http://bit.ly/LawOnTheMarket: Do judicial decisions affect the securities markets in discernible and perhaps predictable ways? In other words, is there ?law on the market? (LOTM)? This is a question that has been raised by commentators, but answered by very few in a systematic and financially rigorous manner...

Sinking, fast and slow: Bifurcating beta in financial and behavioral space

Posted on July 11, 2015
James Ming Chen, Sinking, Fast and Slow: Bifurcating Beta in Financial and Behavioral Space, available at http://bit.ly/SinkingFastSlow or http://ssrn.com/abstract=2629541: Modern portfolio theory accords symmetrical treatment to all deviations from expected return, positive or negative...

To access this complete feed in the blog feed reader login or register for free.

The promise and the peril of parametric value-at-risk (VaR) analysis

Posted on June 09, 2015
Tail risk ? of a radically different variety James Ming Chen, The Promise and the Peril of Parametric Value-at-Risk (VaR) Analysis, available at http://www.ssrn.com/abstract=2615664 or http://bit.ly/ParametricVaR: Leptokurtosis, or the risk lurking in ?fat tails,? poses the deepest epistemic threat to economic forecasting...

Legal signal processing

Posted on June 06, 2015
James Ming Chen, Legal Signal Processing, available at http://ssrn.com/abstract=2614273 or http://bit.ly/LegalSignalProcessing: It makes more economic sense to prepare for disaster in advance than it does to stage heroic relief efforts after calamity strikes...

Gini's Crossbow

Posted on May 21, 2015
James Ming Chen, Gini's Crossbow, available at http://www.ssrn.com/abstract=2608850 or http://bit.ly/GinisCrossbow: The Gini coefficient remains a popular gauge of inequality throughout the social and natural sciences because it is visually striking and geometrically intuitive...

Climate Change Impacts on Ocean and Coastal Law

Posted on April 25, 2015
Jurisdynamics is pleased to have received, courtesy of Oxford University Press, Climate Change Impacts on Ocean and Coastal Law: U.S. and International Perspectives (Randall S. Abate ed., 2015), available via http://bit.ly/ClimateChangeOceanLaw. The publisher's note succinctly describe the book's mission: Ocean and coastal law has grown rapidly in the past three decades as a specialty area within natural resources law and environmental law...

Leaps, Metes, and Bounds: Innovation Law and Its Logistics

Posted on March 01, 2015
James Ming Chen, Leaps, Metes, and Bounds: Innovation Law and Its Logistics, http://ssrn.com/abstract=2571830 or http://bit.ly/LeapsMetesBounds: Economic analysis of technological innovation, diffusion, and decline often proceeds according to sigmoid (S-shaped) models, either directly or as a component in more elaborate mathematical representations of the creative process...

Conducting empirical legal scholarship

Posted on January 08, 2015
The 15th annual workshop on Conducting Empirical Legal Scholarship, co-taught by Lee Epstein and Andrew D. Martin, will run from June 15-17, 2015, at Washington University in St. Louis. The workshop is for law school faculty, lawyers, political science faculty, and graduate students interested in learning about empirical research and how to evaluate empirical work...

Price-Level Regulation and Its Reform

Posted on November 26, 2014
James Ming Chen, Price-Level Regulation and Its Reform, http://ssrn.com/abstract=771226 or http://bit.ly/PriceLevelRegulation: Price-level, or ?price-cap,? regulation offers an alluring alternative to the traditional technique of monitoring a regulated firm?s profits...

Call for papers: Ebola and the law

Posted on August 13, 2014
Call for papers Ebola and the Law Biolaw section of the Association of American Law Schools (AALS)Washington, D.C.Monday, January 5, 2015, 10:30 a.m. to 12:15 p.m. The 2014 west African outbreak of the Ebola virus is the most severe epidemic attributed to this pathogen since 1976, when international health officials began keeping records on Ebola...

Minority Television Project, Inc. v. FCC, No. 13-1124, Brief for Amici Curiae Law Professors in Support of Petitioner

Posted on April 23, 2014
Minority Television Project, Inc. v. FCC, No. 13-1124, Brief for Amici Curiae Law Professors in Support of Petitioner, available at http://bit.ly/MinorityTelevisionAmicus: This brief amicus curiae in support of petitioner Minority Television Project in Minority Television Project, Inc...

An Agricultural Law Jeremiad: The Harvest Is Past, the Summer Is Ended, and Seed Is Not Saved

Posted on March 26, 2014
James Ming Chen, An Agricultural Law Jeremiad: The Harvest Is Past, the Summer Is Ended, and Seed Is Not Saved, 2014 Wisconsin Law Review (forthcoming), available at http://ssrn.com/abstract=2387998 or http://bit.ly/SeedIsNotSaved, and to be presented on March 26, 2014, at the University of Michigan Law School's Intellectual Property Workshop: The saving of seed exerts a powerful rhetorical grip on American agricultural law and policy...

Flagging prospect theory

Posted on March 20, 2014
James Ming Chen, Flagging Prospect Theory, available at http://www.ssrn.com/abstract=2216916 or http://bit.ly/FlaggingProspectTheory: The basic tenets of prospect theory, a bedrock principle of behavioral economics, can be illustrated by what Daniel Kahneman has called prospect theory?s "flag": an asymmetrical sigmoid curve whose inflection point occurs at the origin (thus reflecting human beings' adaptation level relative to their starting economic position), whose slope to the left of the origin is discernibly steeper than its slope to the right (thus reflecting loss aversion), and whose upper and lower asymptotes reflect diminishing sensitivity to losses as well as gains...

Louis Fisher, The Law of the Executive Branch: Presidential Power

Posted on March 07, 2014
Oxford University Press has kindly added a new item to the Jurisdynamics Network's bookshelf: Louis Fisher, The Law of the Executive Branch Presidential Power, part of the new series, Oxford Commentaries on American Law. A description of Presidential Power, drawn from Oxford's blurb, follows...

Daniel Shaviro, Fixing U.S. International Taxation

Posted on March 03, 2014
Oxford University Press has very generously added Daniel N. Shaviro, Fixing U.S. International Taxation (2014) to the Jurisdynamics Network bookshelf. A brief description, drawn from Oxford's blurb for this book, follows. Through Fixing U.S. International Taxation, Daniel Shaviro has undertaking a thorough reconceptualization of the United States' approach to international tax law and policy...

Arbitration as an article of constitutional faith

Posted on February 05, 2014
James Ming Chen, Arbitration as an Article of Constitutional Faith, available at http://ssrn.com/abstract=2391075: Scarcely any legal question arises in the United States that is not resolved, sooner or later, through arbitration. If Alexis de Tocqueville could survey contemporary American legal culture, he would rub his eyes with amazement at the privatization of adjudication across a wide swath of issues previously committed to judicial resolution...

Pinwheel of Fortune

Posted on February 02, 2014
James Ming Chen, Pinwheel of Fortune, available at http://ssrn.com/abstract=2389555 and http://bit.ly/PinwheelOfFortune: In principle, neither the global environment nor personal health should come down to gambling. In practice, however, both the law of global biodiversity protection and the constitutional debate on the Patient Protection and Affordable Care Act (PPACA) rest on astoundingly risk-seeking assumptions...

Coherence and elicitability in measures of market risk

Posted on January 25, 2014
James Ming Chen, Coherence Versus Elicitability in Measures of Market Risk, available at http://ssrn.com/abstract=2385137 and http://bit.ly/CoherenceElicitability: The Basel II and III accords prescribe distinct measures of market risk in the trading book of regulated financial institutions...

The Jurisdynamics bookbag: Flinders, Defending Politics, and Fatovic & Kleinerman, Extra-Legal Power and Legitimacy

Posted on January 25, 2014
Jurisdynamics is pleased to note two books from its mailbox, one from a little while back; the other, brand new. Matthew Flinders, Defending Politics: Why Democracy Matters in the Twenty-First Century posts a classic apologia for politics. From the Oxford University Press blurb: Citizens around the world have become distrustful of politicians, skeptical about democratic institutions, and disillusioned about the capacity of democratic politics to resolve pressing social concerns...

Recent additions to the Jurisdynamics Network's bookshelf

Posted on December 27, 2013
The Jurisdynamics Network has received two radically different but equally intriguing new books, both from Oxford University Press. W.A. Bogart, Regulating Obesity? Government, Society, and Questions of Health (2014) is a worthy successor to the same author's 2010 monograph, Permit But Discourage: Regulating Excessive Consumption...

CPRBlog: House Republicans to hold hearing on climate change, can I get a witness?

Posted on September 17, 2013
CPRBlog: House Republicans to hold hearing on climate change, can I get a witness?

"Fundamentally Changing the Conversation About the Economic Value of Legal Education"

Posted on July 17, 2013
Like any educators, law professors need to be open to criticism. We need to find ways to make legal knowledge more accessible and effective, to serve the public interest. To the extent the costs of education are too high, we need to address that, too...

Portfolio Theory as a Pattern of Timeless Moments

Posted on April 20, 2013
Jim Chen, Portfolio Theory as a Pattern of Timeless Moments, available at http://ssrn.com/abstract=2254244: Quantitative finance traces its roots to modern portfolio theory. Despite the deficiencies of modern portfolio theory, mean-variance optimization nevertheless continues to form the basis for contemporary finance...

Upcoming Symposium: The Role of States in Federal Health Care Reform

Posted on January 13, 2011
I?m pleased to announce The Kansas Journal of Law & Public Policy?s 2010 - 2011 Symposium, exploring ?The Role of States in Federal Health Reform.? The federal Patient Protection and Affordable Care Act (ACA), signed into law by President Obama on March 23, 2010, represents the most significant change to the United States? health care system in a generation...

Disaster and its dimensions

Posted on November 06, 2010
Herewith the video version of Disaster and Its Dimensions: Legal Responses to Distortions in Time and Space, the opening keynote address to the Twelfth Annual Northeast Florida Environmental Summit, held at the Florida Coastal School of Law:

Feminist agricultural law: A scholarly confessional

Posted on March 13, 2010
Feminist agricultural law. It is an idea as compelling as it is timeless. On Agricultural Law, I offer some observations on agricultural legal feminism, from a scholarly confessional to incipient thoughts on an intellectual agenda.

Exotic game, lethal invaders

Posted on March 11, 2010
The Florida Fish and Wildlife Conservation Commission has declared special hunting season on reptilian species of environmental concern: Burmese python, Indian python, reticulated python, northern and southern African rock python, amethystine or scrub python, green anaconda, and Nile monitor lizard...

The agony and the sweat

Posted on February 10, 2010
William Faulkner's speech upon his acceptance of the Nobel Prize for Literature, Stockholm City Hall, December 10, 1950 (audio via YouTube):I feel that this award was not made to me as a man, but to my work — a life's work in the agony and sweat of the human spirit, not for glory and least of all for profit, but to create out of the materials of the human spirit something which did not exist before...

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.