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The standard economic theory of crime deterrence predicts that the conviction of an innocent (type-I error) is as …
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Criminal law and economics rests on the expectation that deterrence incentives can be employed to reduce crime. Prison …
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Historically, people have often expressed negative feelings toward speculators, a sentiment that might have even been reinforced since the latest financial crisis, during which taxpayer money was warranted or spent to bail out reckless investors. In this paper, we conjecture that judges may also...
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