Abstract

http://ssrn.com/abstract=1299963
 
 

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Behavioral Criminal Law and Economics


Richard H. McAdams


University of Chicago Law School

Thomas S. Ulen


University of Illinois College of Law

November 11, 2008

U of Chicago Law & Economics, Olin Working Paper No. 440
U of Chicago, Public Law Working Paper No. 244
U Illinois Law & Economics Research Paper No. LE08-035

Abstract:     
A behavioral economics literature identifies how behaviorally-derived assumptions affect the economic analysis of criminal law and public law enforcement. We review and extend that literature. Specifically, we consider the effect of cognitive biases, prospect theory, hedonic adaptation, hyperbolic discounting, fairness preferences, and other deviations from standard economic assumptions on the optimal rules for deterring potential offenders and for regulating (or motivating) potential crime victims, legislators, police, prosecutors, judges, and juries.

Number of Pages in PDF File: 45

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Date posted: November 12, 2008  

Suggested Citation

McAdams, Richard H. and Ulen, Thomas S., Behavioral Criminal Law and Economics (November 11, 2008). U of Chicago Law & Economics, Olin Working Paper No. 440; U of Chicago, Public Law Working Paper No. 244; U Illinois Law & Economics Research Paper No. LE08-035. Available at SSRN: http://ssrn.com/abstract=1299963 or http://dx.doi.org/10.2139/ssrn.1299963

Contact Information

Richard H. McAdams (Contact Author)
University of Chicago Law School ( email )
1111 E. 60th St.
Chicago, IL 60637
United States
773-834-2520 (Phone)
Thomas S. Ulen
University of Illinois College of Law ( email )
504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
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