Throughout the academic year we have a series of lunchtime lectures called "Chicago's Best Ideas". This is an opportunity for a member of the faculty to present their current research topic to the Law School community. Current students have recently started writing blog posts about them and I thought it would be fun to post their blogs here:
Suppose I am a utility-maximizing, risk-averse trophy husband/wife. Currently I have a generous monthly allowance, but due to a lack of foresight (or the blindness of love), I do not have a prenuptial agreement. There has been no trouble in the marriage yet, but what if things go south? Perhaps I should put part of my allowance toward premiums on divorce insurance, which one company now claims to offer. Previously, the initial allocation of divorce risk could not be altered; now, perhaps, it can. Whether risk can be reallocated is an issue that is present in far less tawdry situations than this example; in fact, it is everywhere.
On Wednesday, October 22, Professor Lee Fennell gave a talk entitled "Risk Reversals" as part of the Chicago's Best Ideas lecture series. (The first CBI presentation on October 1 was a fascinating talk by Mary Anne Case about "Why Evangelical Protestants are Right When They Say that State Recognition of Same-Sex Marriages Threatens Their Marriages and What the Law Should Do About It.").
Click here for our faculty blog to continue reading:http://uchicagolaw.typepad.com/faculty/2008/10/chicagos-best-i.html