Anup Malani, “Understanding Judicial Decision-making”

Anup Malani, “Understanding Judicial Decision-making: A review, recent results, and an agenda” It is thought to be a truism that judges cite and follow precedent. Clearly judges cite prior cases, but do they really follow precedent or cherry pick cases that support their conclusions? And how do we square these truisms with evidence that judges…

Saul Levmore, “What Do Lawmakers Do?”

Lawmakers respond to constituents, seek higher office, have lofty goals, and even learn from their mistakes. But do they actually make the world a better place? In this lecture, the first of this year’s Chicago’s Best Ideas series, Professor Levmore examines some aspects of lawmaking that do not make their way into the law school…

M. Todd Henderson, “Abolish Securities Regulation (and Replace It With a Market)”

Our regulation of the stock market is based on an antiquated statute that does not fit well with the realities of modern securities practice. Corporations hoping to access public markets are required to disclose market-moving information without charge and to all investors simultaneously. This system of mandatory and simultaneous disclosure is designed to protect average,…