Behavioral economics can help us supercharge incentives by identifying when carrots are likely to work better than sticks. Though losses may loom large, sometimes contingent rewards can be even more effective. "Carrots and Sticks" show when contingent rewards work better than punishments, and where contracts work best with both carrots and sticks—punished if you fail as well as rewarded if you succeed. For example, some dieters have been entering into pari-mutuel commitments to lose weight, where they forfeit money if they fail to lose weight, but potentially receive the forfeiture of others who fail to lose. Some stop-smoking contracts also have this feature.

This free event was presented in collaboration by the Yale Club of Nevada, UNLV Boyd School of Law, and the law firm Greenberg Traurig, LLP.

The legal profession is being disrupted from without and from within. To be successful in the coming era, lawyers will need to know how to practice over the Web, manage client relationships in cyberspace, and offer “unbundled” services.

This program discusses the knowledge and skills you will need to prosper in the years ahead. It also discusses major opportunities that eLawyering provides to improve access to justice for those who can’t afford or don’t like traditional commercial modes of service delivery.