Does the Law Change Preferences

“I would prefer not” H ERMAN M ELVILLE , B ARTLEBY THE S CRIVENER : A S TORY OF W ALL S TREET (1853), reprinted in T HE P IAZZA T ALES 32, 48 (London, Sampson Low, Son & Co. 1856). Scholars have recently challenged the claim in classical deterrence theory that law influences behavior only through the expected sanction imposed. Some go further and argue that law may also “shape preferences,” changing people’s wants and values. In this Article, we analyze existing claims that criminal and civil law alter preferences and conclude that none suggest that the law shapes preferences. We first clarify this preference-shaping claim by elaborating the structure of rational choice theory generally and “preference” in particular. We then investigate three mechanisms of legal influence suggested by the preference-shaping literature: (1) the “serious harm” mechanism; (2) the “social norm” mechanism; and (3) the “self-improvement” mechanism. We then show that each of these mechanisms operates by changing the agent’s beliefs about the attributes or consequences of her choice options rather than by changing her preferences

Economics · Epistemology · Harm · Law and economics · Microeconomics · Political science · Preference · Law · Law, Economics, and Judicial Systems · Legal principles and applications · Philosophy