Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/81339
Title: Behavioral Economics of Crime Rates and Punishment Levels
Authors: Chiba, Saori
Leong, Kaiwen
Keywords: Imperfect Recall
Willpower
Issue Date: 2016
Source: Chiba, S., & Leong, K. (2016). Behavioral Economics of Crime Rates and Punishment Levels. Journal of Institutional and Theoretical Economics, 172(4), 727-754.
Series/Report no.: Journal of Institutional and Theoretical Economics
Abstract: 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 can cause a potential criminal to commit more crimes as the probability of apprehension increases. At the time of the future decision, he may commit a crime due to hyperbolic discounting, even if it is not profitable. Hence, he may choose not to commit a crime today as a commitment device to abstain from crime in the future. However, increased prosecution can limit the effectiveness of the commitment device.
URI: https://hdl.handle.net/10356/81339
http://hdl.handle.net/10220/40843
ISSN: 0932-4569
DOI: 10.1628/093245616X14631368691817
Schools: School of Humanities and Social Sciences 
Rights: © 2016 Mohr Siebeck. This is the author created version of a work that has been peer reviewed and accepted for publication by Journal of Institutional and Theoretical Economics, Mohr Siebeck. It incorporates referee’s comments but changes resulting from the publishing process, such as copyediting, structural formatting, may not be reflected in this document. The published version is available at: [http://dx.doi.org.ezlibproxy1.ntu.edu.sg/10.1628/093245616X14631368691817].
Fulltext Permission: open
Fulltext Availability: With Fulltext
Appears in Collections:HSS Journal Articles

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