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Present bias is the tendency to settle for a smaller present reward rather than wait for a larger future reward, in a trade-off situation. [ 1 ] [ 2 ] It describes the trend of overvaluing immediate rewards, while putting less worth in long-term consequences. [ 3 ]
Born in Lübeck, Radbruch studied law in Munich, Leipzig and Berlin.He passed his first bar exam ("Staatsexamen") in Berlin in 1901, and the following year he received his doctorate with a dissertation on "The Theory of Adequate Causation".
Fuller was born in Hereford, Texas and grew up in the Imperial Valley in Southern California.He went to Stanford University as an undergraduate and for law school. [3] He taught at the University of Oregon School of Law, then at Duke University School of Law, where one of his students was future US president Richard Nixon.
Sir Thomas Gresham. In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation.
Considered "the first movement in legal theory and legal scholarship in the United States to have espoused a committed Left political stance and perspective," [1] critical legal studies was committed to shaping society based on a vision of human personality devoid of the hidden interests and class domination that CLS scholars argued are at the root of liberal legal institutions in the West. [4]
WASHINGTON (Reuters) -The U.S. deputy attorney general has suspended a controversial civil asset-forfeiture program by the Drug Enforcement Administration that targeted unsuspecting airline ...
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[citation needed] Ancient prejudices and political bias have been present in the three branches of government with each of their foundings, and justice has been processed formally according to the law but in fact more closely aligned with royalist principles that are still advocated in the 21st century.