In the Burglary Crime Model Presented in the Text,as the Anguish

question 42

Multiple Choice

In the burglary crime model presented in the text,as the anguish cost of committing a burglary rises,the prediction is that

• A) more people will commit burglary.
• B) the same number of people will commit burglary.
• C) fewer people will commit burglary.
• D) There is not enough information to answer this question.

---

Definitions:

Nudges

Subtle policy shifts or design changes that steer people's behavior in predictable ways without forbidding any options or significantly changing economic incentives.

Prospect Theory

A behavioral economic theory that suggests individuals value gains and losses differently, leading to decisions that can deviate from traditional economic predictions which assume rational behavior.

Behavioral Economics

A field of economics that studies how psychological, cognitive, emotional, cultural, and social factors affect the economic decisions of individuals and institutions.

High Upfront Costs

High Upfront Costs are significant initial expenses incurred before a project, investment, or purchase begins to generate any revenues or savings, often acting as a barrier to entry.