Lars Klöhn
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View article: Can Law Students Replace Judges in Experiments of Judicial Decision-Making?
Can Law Students Replace Judges in Experiments of Judicial Decision-Making? Open
Experimental research on judicial decision-making is hampered by the difficulty of recruiting judges as experimental participants. Can students be used in judges’ stead? Unfortunately, no—at least if the objective is to study legal reasoni…
View article: Judges in the Lab: No Precedent Effects, No Common/Civil Law Differences
Judges in the Lab: No Precedent Effects, No Common/Civil Law Differences Open
In our lab, 299 real judges from seven major jurisdictions (Argentina, Brazil, China, France, Germany, India, and USA) spend up to fifty-five minutes to judge an international criminal appeals case and determine the appropriate prison sent…
View article: Precedent and Chinese Judges: An Experiment
Precedent and Chinese Judges: An Experiment Open
We experimentally study the decision-making process of judges in China, where judges are specifically prohibited to cite prior decisions as the basis for their judgments, and where, in past surveys, most judges explicitly stated that prece…
View article: Financial Contracting in Crowdinvesting: Lessons from the German Market
Financial Contracting in Crowdinvesting: Lessons from the German Market Open
The present Article aims to shed light on the question whether crowdinvesting regulation should favor a specific legal form or contract type for crowdinvesting. To this end, it analyzes the conditions which legal forms and contract types m…
View article: Do Judges Hate Speculators
Do Judges Hate Speculators Open
Historically, people have often expressed negative feelings toward speculators, a sentiment that might have even been reinforced since the latest financial crisis, dur- ing which taxpayer money was warranted or spent to bail out reckless i…
View article: Justice is Less Blind, and Less Legalistic, than We Thought: Evidence from an Experiment with Real Judges
Justice is Less Blind, and Less Legalistic, than We Thought: Evidence from an Experiment with Real Judges Open
We experimentally investigate the determinants of judicial decisions in a setting resembling real-world judicial decision making. We gave US federal judges 55 minutes to adjudicate a real appeals case from an international tribunal, with m…
View article: Financial Contracting in Crowdinvesting - Lessons from the German Market
Financial Contracting in Crowdinvesting - Lessons from the German Market Open
The present article gives an overview of the contents of crowdinvesting contracts that are in use in Germany and traces how they have evolved. To this end, it evaluates 255 crowdinvesting campaigns held on 18 different platforms in the per…