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Since the financial crisis in 2007, banks have been hit by legal settlements from incidents related to the crisis. Over time, the frequency and the magnitude of these fines has only increased, thereby, implicating that financial misconduct is not an idiosyncratic risk that can be ‘spot...
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by running Prisoner's Dilemma and Third Party Punishment games on three different pools of subjects; students, 'Ordinary … game with Third Party punishment, punishing less as well as tending to punish cooperation (almost as much) as defection …
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of fines on punishment and deterrence. Partial effects are effects on potential violators' and punishers' decisions when …
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In three distinct disciplines, crime and punishment are studied experimentally: in empirical legal studies, in …
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evidence on punishment preferences, in which subjects reveal a heterogeneous preference for punishing wrongdoers, our model … identifies circumstances in which “punitive” individuals (with stronger-than-average punishment preferences) will self …-select into law enforcement jobs that offer the opportunity to punish (or facilitate the punishment of) wrongdoers. Such “punitive …
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