When consumers come across vast swathes of legal text presented in ALL CAPS (example) , do they pay more attention to it? An old anecdote tells of Niels Bohr, the Nobel-winning physicist, whose door was adorned by a horseshoe. When asked by an incredulous guest whether he believed in such superstition, Bohr replied that “I’ve […]
Tag: contract
‘Optimally Vague’ contracts and their benefits to society
Imagine that you’re just about to sign an important contract – would you prefer it to have been precisely drafted, or would you be happy for it to be “optimally vague” ? Authors Nicola Gennaioli (Bocconi University and IGIER) and Giacomo A. M. Ponzetto (CREI, Pompeu Fabra University, IPEG and Barcelona GSE) suggest not only […]
A scholarly classification of British contract killers
Scholarly fans of British hitmen have managed to rank the members of that profession. Hitmen in Britain, according to this study, essentially come in four varieties: Novice, Dilettente, Journeyman, and Master. Details are published in: “The British Hitman: 1974–2013,” Donal MacIntyre, David Wilson, Elizabeth Yardley [pictured here], Liam Brolan, The Howard Journal of Criminal Justice, […]
Hell-raising prof inspired by Ig Nobel winner
A professor who contractually condemned his students to hell was inspired by an Ig Nobel Prize winner. WKRN reports: Frustrated over cheating allegations, one professor at Middle Tennessee State University took the idea of a traditional honor code in a controversial direction. Suspecting that one of his MBA candidates had just cheated on an exam, […]