An extension of the Becker proposition to non-expected utility theory
نویسندگان
چکیده
منابع مشابه
An extension of the Becker proposition to non-expected utility theory
In a seminal paper, Becker (1968) showed that the most effi cient way to deter crime is to impose the severest possible penalty (to maintain adequate deterrence) with the lowest possible probability (to economize on costs of enforcement). We shall call this the Becker proposition (BP). The BP is derived under the assumptions of expected utility theory (EU). However, EU is heavily rejected by th...
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ژورنال
عنوان ژورنال: Mathematical Social Sciences
سال: 2013
ISSN: 0165-4896
DOI: 10.1016/j.mathsocsci.2012.06.005