Explain answer taking into account attitudes toward risk

Reference no: EM131344950

If criminals are rational, crime is deterred by large expected punishments, which are the product of the fine or the sentence if convicted and the probability of being caught and convicted. Thus, one can raise the expected value of the punishment by raising either the penalty or the odds of capture and conviction. Is the following argument logical?
"I propose executing one spammer per year. That way, even if we don't catch and convict many, the penalty will have substantial deterrent effect. Because the cost of executing them is much less than the cost of catching them, it is cost effective to increase the punishment rather than the odds of capture and conviction."
Explain your answer taking into account attitudes toward risk.

Reference no: EM131344950

Questions Cloud

Determining the international expansion : New facilities will be needed in international expansion, and PPQ Parts anticipates building most of those (80%) outside the United States.PPQ Parts holds 5% of the world market share on small SUVs, but its goal is 9% in 4 years.

Draw a block diagram to solve your equation : Draw a block diagram to solve your equation (vO(t) should be your output) using differentiators.- Draw a block diagram to solve your equation (vO(t) should be your output) using integrators.

Draw a supply and demand graph : Draw a supply and demand graph and identify the areas of consumer surplus and producer surplus. Given the demand curve, what impact will an increase in supply have on the amount of consumer surplus shown in your diagram

Demand for trains is unlimited : Each week, Giapetto can obtain all the needed raw material but only 100 finishing hours and 80 carpentry hours. Demand for trains is unlimited, but at most 40 soldiers are bought each week. Giapetto wants to optimize weekly profit (revenues - co..

Explain answer taking into account attitudes toward risk : "I propose executing one spammer per year. That way, even if we don't catch and convict many, the penalty will have substantial deterrent effect. Because the cost of executing them is much less than the cost of catching them, it is cost effective ..

Multi-period production planning at zeta : Attached is the case study. This needs to be completed in Excel and any diagrams need to be able to edited, they cannot be cut and pasted into the excel spreadsheet. ALSO please show your work in excel, utilizing solver. I need to be able to see h..

Calculate the rate of unemployment : Calculate the labour force. Calculate the percentage of people not in the labour force. Calculate the rate of unemployment. Calculate the labour force participation rate

Review the motivational ideas or theories addressed : Review the motivational ideas or theories addressed in the readings Using yourself as an example, do you feel that one or more of the ideas or theories are particularly effective in motivating you, or is there a better way you can be motivated?

Litigation process representative of employer : Recommend a plan or strategy to be followed by safety professionals if they become involved in the litigation process as a representative of an employer organization.

User Account

All Pages