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Hornuf, Lars ; Klöhn, Lars

Do judges hate speculations?

Hornuf, Lars und Klöhn, Lars (2019) Do judges hate speculations? European Journal of Law and Economics.

Veröffentlichungsdatum dieses Volltextes: 08 Jan 2019 09:23
Artikel
DOI zum Zitieren dieses Dokuments: 10.5283/epub.38160


Zusammenfassung

Historically, people have often expressed negative feelings toward speculators, a sentiment that might have even been reinforced since the latest financial crisis, during which taxpayer money was warranted or spent to bail out reckless investors. In this paper, we conjecture that judges may also have anti-speculator sentiment, which might affect their professional decision making. We asked 123 ...

Historically, people have often expressed negative feelings toward speculators, a sentiment that might have even been reinforced since the latest financial crisis, during which taxpayer money was warranted or spent to bail out reckless investors. In this paper, we conjecture that judges may also have anti-speculator sentiment, which might affect their professional decision making. We asked 123 professional lawyers and 247 law students in Germany this question, and they clearly predicted that judges would have an anti-speculator bias. However, in an actual behavioral study, 185 judges did not exhibit such bias. In another sample of 170 professional lawyers, we found weak support for an anti-speculator bias. This evidence suggests that an independent audience may actually perceive unbiased judgments as biased. While the literature usually suggests that a communication problem exists between lawyers and non-lawyers (i.e. between judges and the general public), we find that this problem can also exist within the legal community.



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Details

DokumentenartArtikel
Titel eines Journals oder einer ZeitschriftEuropean Journal of Law and Economics
Verlag:Springer Science+Business Media B.V.
Datum3 Januar 2019
InstitutionenWirtschaftswissenschaften > Institut für Betriebswirtschaftslehre > Lehrstuhl für Finanzierung (Prof. Dr. Gregor Dorfleitner)
Identifikationsnummer
WertTyp
10.1007/s10657-018-09608-zDOI
Stichwörter / KeywordsSpeculator bias; Judges; Experimental law and economics
Dewey-Dezimal-Klassifikation300 Sozialwissenschaften > 330 Wirtschaft
StatusVeröffentlicht
BegutachtetJa, diese Version wurde begutachtet
An der Universität Regensburg entstandenNein
URN der UB Regensburgurn:nbn:de:bvb:355-epub-381601
Dokumenten-ID38160

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