The other complaint I had about that segment is that I do not believe microeconomics-informed reading of criminal punishment (as exemplified by Gary Becker’s work) has held up well.
I think it’s often given as an example of where microeconomics-informed reasoning has led policymakers astray (as criminals are often bad at expected value calculations, even intuitively), and certainty of punishment >> expected cost of punishment. I don’t have a direct source for this but I think it’s a common position among economists.
The other complaint I had about that segment is that I do not believe microeconomics-informed reading of criminal punishment (as exemplified by Gary Becker’s work) has held up well.
I think it’s often given as an example of where microeconomics-informed reasoning has led policymakers astray (as criminals are often bad at expected value calculations, even intuitively), and certainty of punishment >> expected cost of punishment. I don’t have a direct source for this but I think it’s a common position among economists.