SOC 2700 Lecture Notes - Lecture 14: Deterrence Theory, Decision-Making, Bounded Rationality
Document Summary
Should be focusing on deterrence: cost benefit analysis- not engaging in crimes due to costs people commit crime because rewards outweigh the costs individuals make a rational, hardly informed decision to commit crime. Material costs: fines, tickets, paying others to help with your crime, Opportunity costs: the time you can spend doing criminal activity, students cheating: spending all the time to print answers on water bottle, Expected punishment costs: recognizing the penalty for the cost, cost of cheating on test. Material / monitorial : getting something out of it having the money you stole. Non-monitorial costs: how you feel after, feeling good, Bounded rationality: making best decision possible within a small frame work. Informal factors: feelings of shame, loss of self esteem, even if no-one knows of the crime we did, how our family, friends, employees would react peoples whose opinions matter to us.