Home » Bias of the week » Cooling Off Period
In South Korea, a 3-week waiting period was introduced between divorce filing and complete change in status.
Thanks to this cooling off period, the divorce rate has been reduced by 10%.
Our decisions are often influenced by the heat of the moment.
See the full study here :
Lee, J. (2012). The impact of a mandatory cooling-off period on divorce. The Journal of Law and Economics, 56(1), 227-243.