In a Bureau of Justice Statistics Report on Inmate Mortality

question 50

Multiple Choice

In a Bureau of Justice Statistics report on inmate mortality in state prisons, prisoners between 15 and 64 years of age had a mortality rate ______ than that of the U.S. general population.

• A) 22.5% higher
• B) 12% higher
• C) 4.8% lower
• D) 19% lower

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Definitions:

Behavioral Economics

Behavioral economics studies how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions and the consequences for market prices, returns, and resource allocation.

Availability Heuristic

An intellectual quick-step that employs readily recalled instances when contemplating a certain topic, notion, strategy, or judgment.

Endowment Effect

The phenomenon in which individuals value an owned object higher than its market value simply because they own it.

Prospect Theory

Prospect Theory is a behavioral economic theory that describes how people choose between probabilistic alternatives involving risk, where the probabilities of outcomes are known.