2008
DOI: 10.2139/ssrn.1299963
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Behavioral Criminal Law and Economics

Abstract: A behavioral economics literature identifies how behaviorally-derived assumptions affect the economic analysis of criminal law and public law enforcement. We review and extend that literature. Specifically, we consider the effect of cognitive biases, prospect theory, hedonic adaptation, hyperbolic discounting, fairness preferences, and other deviations from standard economic assumptions on the optimal rules for deterring potential offenders and for regulating (or motivating) potential crime victims,

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Cited by 14 publications
(3 citation statements)
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“…In his seminal article on economic approaches to criminal law, Becker () emphasized that enforcement is done by the state, rather than victims, and hence the state bears the cost of detecting, prosecuting, and punishing offenders. Limited resources constrain expenditure on enforcement, and are assumed to be allocated according to rational calculations about costs and benefits (McAdams & Ulen ). To maximize social welfare, microeconomic models determine optimum levels of expenditure and enforcement, and the magnitude and forms sanctions (fine, imprisonment, or a combination) required to optimally deter crime.…”
Section: Legal Theories On Social Regulationmentioning
confidence: 99%
“…In his seminal article on economic approaches to criminal law, Becker () emphasized that enforcement is done by the state, rather than victims, and hence the state bears the cost of detecting, prosecuting, and punishing offenders. Limited resources constrain expenditure on enforcement, and are assumed to be allocated according to rational calculations about costs and benefits (McAdams & Ulen ). To maximize social welfare, microeconomic models determine optimum levels of expenditure and enforcement, and the magnitude and forms sanctions (fine, imprisonment, or a combination) required to optimally deter crime.…”
Section: Legal Theories On Social Regulationmentioning
confidence: 99%
“…I then draw on the findings from the existing research from behavioral economics that has shed light on anomalies present in (analog) standard models, and how such refinements might serve both theory and policy. Importantly, although not explored in this article, this same, general framework of incorporating behavioral decision-making concepts to standard rational choice models can be applied to other actors in the criminal justice system, including judges, trial defendants, police, victims, and juries (see, e.g., Jolls, Sunstein, & Thaler, 1998;McAdams & Ulen, 2008;Wilson, 2019, pp. 785-805).…”
Section: Behavioral Economics: Rational Choice As a Starting Pointmentioning
confidence: 99%
“…In order to make this comparison, the theory assumes that criminals are aware of the chances of successfully committing a crime, as well as the costs of possible penalties and the likelihood of being arrested. Furthermore, the rational potential offender assesses the results they expect to obtain both from the criminal activity and the legal activity, and then decides how to allocate their resources so that the marginal net benefit is comparable between the two (McAdams & Ulen, 2008).…”
Section: Introductionmentioning
confidence: 99%