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The Deterrent Effect of Capital Punishment: A Question of Life and Death
TLDR
In this article, the deterrent effect of capital punishment has been examined in both theory and practice, and the main focus of the paper is on the effect of the death penalty on crime deterrents.Abstract:
The debate over the legitimacy or propriety of the death penalty may be almost as old as the death penalty itself and, in the view of the increasing trend towards its complete abolition, perhaps as outdated. Not surprisingly, and as is generally recognized by contemporary writers on this topic, the philosophical and moral arguments for or against the death penalty have remained remarkably unchanged since the beginning of the debate. One outstanding issue has become, however, the subject of increased investigation, especially in recent years, due to its objective nature and the dominant role it has played in shaping the analytical and practical case against the death penalty. That issue is the deterrent effect of capital punishment, a reexamination of which, in both theory and practice, is the object of the paper.(This abstract was borrowed from another version of this item.)read more
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Economic Analysis of Social Interactions
TL;DR: For example, the authors used game theory, the economics of the family, and endogenous growth theory to study general social interactions and found that observable outcomes may be generated by many different interaction processes, so empirical findings are open to a wide variety of interpretations.
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Crime and Social Interactions
Edward L. Glaeser,Bruce Sacerdote,Bruce Sacerdote,Jose A. Scheinkman,Jose A. Scheinkman,Jose A. Scheinkman +5 more
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Book ChapterDOI
Economic Theory of Choice and the Preference Reversal Phenomenon
TL;DR: This article reported the results of a series of experiments designed to discredit the psychologists' works as applied to economics and suggested that no optimization principles of any sort lie behind even the simplest of human choices and that the uniformities in human choices may result from principles which are of a completely different sort from those that are commonly accepted.
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Understanding Why Crime Fell in the 1990s: Four Factors that Explain the Decline and Six that Do Not
TL;DR: In the 1990s, crime rates in the United States reached the lowest levels in 35 years as discussed by the authors. But crime rates did not follow a predictable pattern: they began to decline without warning, and experts predicted an explosion in crime in the early and mid 1990s.
Journal ArticleDOI
Benchmark Priors for Bayesian Model Averaging
TL;DR: In this paper, the authors propose a partially noninformative prior structure related to a Natural Conjugate g-prior speciflcation, where the amount of subjective information requested from the user is limited to the choice of a single scalar hyperparameter g0j.