CRIM2000 Exam Prep Notes

Description

Topics separated into weeks, each with definition and some with a detailed explanation of graphs (marked 'with graph') - information from lectures and textbook. Topics: Rationality and attitude to risk Risk Neutral Risk Averse Risk Seeking Risk Continued Risk Aversion and Decision to Offend (with graph) Response of Risk Averse to Changing Expected Sanctions (with graph) Risk Seeking and Decision to Offend (with graph) Response to Risk Seekers to Changing Sanctions (with graph) Freeman, Grogger and Sonstelie (1996) note Neighbourhood Crime Model (with graph) As the number of offenders in an area increases, the probability of conviction decreases – why? (with graph) Neighbourhood Crime Model – Different Levels of Police effort (with graph) Effects of a neighbourhood street gang (with graph) The Self-Enforcement Model (with graph) The Self-Enforcement Model With Temporary Police Action (with graph) Cooperative equilibrium Dominant strategy equilibrium Nash equilibrium Pure v/s Mixed Strategies A Nash equilibrium in pure strategies A Nash equilibrium in mixed strategies How to solve mixed strategies- driver/ police example Statistical Problems in Testing Determinants of Crime Rates Testing the economics of crime model: Errors in Variable Bias Omitted variables Bias Simultaneous equation bias Instrumental variables Incarceration Separating the Effects of Time Spent in Prison on Crime Simultaneous Equation Bias Natural Experiments ‘ Direct Testing for Incapacitation Effects on Crime - Problems with this Equation Why does juvenile crime need special attention? Deterrence and the supply of juvenile crime Neighbourhood location and crime Problems with study Broken windows hypothesis Market for drugs with sanctions on dealers and users (with graph) Economic behind criminalizing a psychoactive substance Using the market for crime model to analyze taxation versus criminalization (with graph) Benefit/cost analysis of the choice of taxation versus criminalization (with graph) - 2 examples