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Date: April 29, 2024 Mon
Time: 10:48 pm
Time: 10:48 pm
Results for behavioral economics
2 results foundAuthor: Ouss, Aurelie Title: When Punishment Doesn't Pay: "Cold Glow" and Decisions to Punish Summary: Economic theories of punishment focus on determining the levels of punishment that will provide maximal social material payoffs. In calculating these levels, several parameters are important: total social costs, total social benefits and the probability that defectors are apprehended. However, often times social levels of punishment are determined by aggregates of individual decisions. Research in behavioral economics, psychology and neuroscience shows that individuals appear to treat punishment as a private good ("cold glow") and so individual decisions may be inappropriately responsive to the above parameters. This means that, depending on environment, aggregate punishment levels can be predictably above or below optimally deterring benchmarks and final social outcomes (e.g.. levels of cooperation and total social costs incurred) can be highly inefficient. We confirm these predictions in a series of experiments. Our research highlights the importance of understanding the psychology of punishment for understanding economically important outcomes and for designing social mechanisms. Details: Cambridge, MA: Harvard University - Program for Evolutionary Dynamics and Department of Economics, 2013. 63p. Source: Internet Resource: Accessed May 1, 2013 at: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2247446 Year: 2013 Country: United States URL: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2247446 Shelf Number: 128508 Keywords: Behavioral EconomicsCosts of Criminal JusticeEconomics of CrimePunishment (U.S.) |
Author: Hassan, Sabrina Title: Behavioral Economics in Criminal Justice Messaging Summary: Oftentimes despite the availability of certain information, we rely on our split-second intuition to make decisions. We are humans. We are biased. Sometimes we are lazy or inattentive. Instead of computing all of the stimuli available to us, we often act on impulse instead of considering all of our options. Behavioral economics (BE) allows us to predict what people actually do in decision-making contexts instead of depending on people to behave like rational, controlled, forward-thinking computers. By understanding what influences real choices, we can design choice settings that guide people to choose in a certain way. We can fix the inside of an outward-swinging door with a flat metal plate instead of asking, "Can't they read?" Behavioral economists have developed ways to "nudge people into better choices, which is to encourage selection of certain options without eliminating or taxing alternatives. For example, putting healthy food at eye level in a school cafeteria encourages students to eat more nutritious meals; choosing junk requires reaching for a different shelf. A state can increase its number of organ donors by instituting a default rule of presumed consent to donate; opting out of donation requires unchecking a box. This paper introduces behavioral economics as a way to improve criminal justice messaging. Specifically, Part I of the paper introduces a few key concepts of behavioral economics to consider when designing messages. Part II suggests specific ways to apply those concepts in messages dealing with each registry regarding sex-related offenses, drug policy, and racial profiling. Details: New York: The Opportunity Agenda, 2015. 24p. Source: Internet Resource: Accessed February 24, 2016 at: http://opportunityagenda.org/files/field_file/2015%2011%2030%20-%20Behavioral%20Economics%20Paper%20-%20FINAL.pdf Year: 2015 Country: United States URL: http://opportunityagenda.org/files/field_file/2015%2011%2030%20-%20Behavioral%20Economics%20Paper%20-%20FINAL.pdf Shelf Number: 137951 Keywords: Behavioral EconomicsCommunicationsDecision-MakingHuman BehaviorMedia |