According to the Text,which of the Following Is a Major

question 25

Multiple Choice

According to the text,which of the following is a major reason why crime rapidly declines as adolescents move into adulthood?

• A)Adults are physically weaker and less agile.
• B)The criminal justice system is biased in favour of older adult offenders.
• C)Adults are more mature and have more incentives to conform to mainstream social values.
• D)Adult offenders are more practised at avoiding detection.

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Definitions:

Expected Utility

A strategy in economics and game theory where individuals choose the option with the highest expected benefit, taking into account all future outcomes.

Risk-neutral

Refers to a mindset or condition where an individual or entity is indifferent to risk when making investment decisions, focusing instead on the potential returns without giving additional weight to the possibility of loss.

Expected Utility

a theory in economics that quantifies how choices are made when outcomes are uncertain, aiming to maximize the expected utility rather than merely the expected monetary value.

Marginal Utility

The additional satisfaction or benefit (utility) a consumer receives from consuming one more unit of a good or service.