Recent years have borne witness to a striking increase in expenditures on legal services.’ Various critics of the U.S. legal system have accordingly argued that amounts currently spent on or in anticipation of disputes are socially excessive, and several writers have attempted to address the issue through economic analysis.’ Much of the economic literature has centered on the choice between lit...

Organizations survive or disappear primarily thanks to the quality of management that leads them. Decision-making is not the only, but the basic function of management that contributes most to the success or failure of the organization.  e manager is the one who makes decisions and decision-making is the essence of planning. Planning is the fi rst and most important function of management as a...

Scientists have proposed various theories to explain why adolescents are more likely than children or adults to make decisions that result in accidents, suicide, homicide, addiction, and other negative outcomes. According to one theory, the part of the brain that says, “That’ll feel good—go for it” matures before the part that says, “Hold on, there could be a downside here.” Another theory hold...