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Tag Archives: Law
Arizona Senate Bill 1062 and the Hobby Lobby Case
Note: This law review comment was revised and expanded on the evening of 2 March 2014. As hedge fund managers and investment advisors are required to say, “past performance is no guarantee of future results.” Nevertheless, does the fate of … Continue reading
Reasonableness = Random Adjudication*
* This “micro-law review article” was revised and updated on 25 Feb. 2014– Like Richard Epstein [1], prior probability agrees that “reasonableness,” standing alone, is an open-ended and indeterminate legal standard. Yet, at the same time, this legal standard permeates … Continue reading
Why are prediction markets illegal?
Because regulators — the U.S. Commodity Futures Trading Commission (CFTC) in particular, which has the legal authority to regulate commodity markets — have declared prediction markets to be “contrary to the public interest”. But if the “public interest” is the … Continue reading
Hobby Lobby Case
All are invited to attend the Fourth Annual Professors Debate at the Dwayne O. Andreas School of Law in Orlando, Florida from 4:45 to 6 pm in Room ALC 203. Professor Scott Gaylord, Jennings Professor and Emerging Scholar at Elon … Continue reading
What is the optimal speed limit on toll roads?
Is it 80 mph? 90? 100? You tell me …
Legal systems of the world
Wikimedia Commons — click to enlarge.
Leaking the leakers
Would you feel any differently about the actions of Edward Snowden, Glenn Greenwald, or Julian Assange if you knew what they really thought? Sean Wilentz, a historian at Princeton University, poses this intriguing question in this exposé in the latest issue of the … Continue reading
What common law rule or general legal principle would you retire?
Res ipsa loquitur? The rule against perpetuities? Sovereign immunity? Also, what criteria or decision rule would you use in determining which legal rule or principle is ready for retirement? FYI, these questions are inspired by this year’s Annual Question at … Continue reading
The future of law and legislation?
A legislator in California, Mike Gatto (pictured below), recently set up the world’s first Wiki-bill in order to enable private citizens to act as cyber-legislators and help draft an actual law. According to Assemblyman Gatto: Government has a responsibility to listen to the … Continue reading
Why don’t more people play “credit card roulette”?
Credit Card Roulette or CCR is “a way of gambling for bills, usually played for the purpose of settling restaurant checks, by randomly drawing one participant’s credit card.” The website pokerterms.com (from which my definition of CCR is borrowed) offers the following illustration of … Continue reading
