On criminals' risk attitudes

被引:33
作者
Neilson, WS [1 ]
Winter, H [1 ]
机构
[1] OHIO UNIV,DEPT ECON,ATHENS,OH 45701
关键词
risk aversion; punishment; nonexpected utility; state-dependent preferences;
D O I
10.1016/S0165-1765(97)00042-6
中图分类号
F [经济];
学科分类号
02 ;
摘要
If criminals are expected utility maximizers and more sensitive to changes in the certainty than the severity of punishment, they must be risk preferrers. We show that risk aversion is not ruled out if the expected utility hypothesis is weakened. (C) 1997 Elsevier Science S.A.
引用
收藏
页码:97 / 102
页数:6
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