Title of article
On criminalsʹ risk attitudes
Author/Authors
Neilson، نويسنده , , William S.; Winter، نويسنده , , Harold ، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
6
From page
97
To page
102
Abstract
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. © 1997 Elsevier Science S.A.
Keywords
Risk aversion , Punishment , nonexpected utility , State-dependent preferences
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434305
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