Behavioral Economics of Crime Rates and Punishment Levels

• المؤلفون الرئيسيون: Chiba, Saori, Leong, Kaiwen
• مؤلفون آخرون: School of Humanities and Social Sciences
• التنسيق: مقال
• اللغة: English
• منشور في: 2016
• الموضوعات: Imperfect Recall; Willpower
• الوصول للمادة أونلاين: https://hdl.handle.net/10356/81339; http://hdl.handle.net/10220/40843

Empirical studies have shown, paradoxically, that increasing the probability of apprehension can correlate with an increase in the total number of criminal actions. To examine this phenomenon, we develop a dynamic model of “personal rules” in which forgetfulness and hyperbolic discounting together c...