SlideShare a Scribd company logo
1 of 1
Download to read offline
How are criminals maximizing their total utility?
Solution
The optimization function of criminals is like this:
Maximize Utility = U(Wealth accumulated from crimes), Subject to
"Freedom" Constraint = Minimum conviction
That is, they maximize utility by accumulating as much wealth they can from committing crimes,
subject to the constraint that they need to spend as less time in prisons (by avoiding being caught,
convicted and sentenced), since the more time they spend in prisons, the less they get time to
commit further crimes and gather wealth from such activities.

More Related Content

More from info706022

Discuss the relationships between competitive avantage, istinctive c.pdf
Discuss the relationships between competitive avantage, istinctive c.pdfDiscuss the relationships between competitive avantage, istinctive c.pdf
Discuss the relationships between competitive avantage, istinctive c.pdf
info706022
 
Comparison of dysplasia and hyperplasiaSolutionDysplasia Dys.pdf
Comparison of dysplasia and hyperplasiaSolutionDysplasia Dys.pdfComparison of dysplasia and hyperplasiaSolutionDysplasia Dys.pdf
Comparison of dysplasia and hyperplasiaSolutionDysplasia Dys.pdf
info706022
 
You are required, but not limited, to turn in the following source f.pdf
You are required, but not limited, to turn in the following source f.pdfYou are required, but not limited, to turn in the following source f.pdf
You are required, but not limited, to turn in the following source f.pdf
info706022
 
Write a function to merge two doubly linked lists. The input lists ha.pdf
Write a function to merge two doubly linked lists. The input lists ha.pdfWrite a function to merge two doubly linked lists. The input lists ha.pdf
Write a function to merge two doubly linked lists. The input lists ha.pdf
info706022
 
what is economicsSolutionEconomics is the study of people in.pdf
what is economicsSolutionEconomics is the study of people in.pdfwhat is economicsSolutionEconomics is the study of people in.pdf
what is economicsSolutionEconomics is the study of people in.pdf
info706022
 
Task #1 Correcting Logic Errors in FormulasCopy and compile the so.pdf
Task #1 Correcting Logic Errors in FormulasCopy and compile the so.pdfTask #1 Correcting Logic Errors in FormulasCopy and compile the so.pdf
Task #1 Correcting Logic Errors in FormulasCopy and compile the so.pdf
info706022
 

More from info706022 (20)

genetics q If the offspring of a dihydric testcross are roughly 50 .pdf
genetics q If the offspring of a dihydric testcross are roughly 50 .pdfgenetics q If the offspring of a dihydric testcross are roughly 50 .pdf
genetics q If the offspring of a dihydric testcross are roughly 50 .pdf
 
for fiscal year 2006, the national debt of a country was approximate.pdf
for fiscal year 2006, the national debt of a country was approximate.pdffor fiscal year 2006, the national debt of a country was approximate.pdf
for fiscal year 2006, the national debt of a country was approximate.pdf
 
Explain why Linux makes system performance monitoring available to t.pdf
Explain why Linux makes system performance monitoring available to t.pdfExplain why Linux makes system performance monitoring available to t.pdf
Explain why Linux makes system performance monitoring available to t.pdf
 
Discuss the relationships between competitive avantage, istinctive c.pdf
Discuss the relationships between competitive avantage, istinctive c.pdfDiscuss the relationships between competitive avantage, istinctive c.pdf
Discuss the relationships between competitive avantage, istinctive c.pdf
 
Determine the intervals of the domain over which each function is.pdf
Determine the intervals of the domain over which each function is.pdfDetermine the intervals of the domain over which each function is.pdf
Determine the intervals of the domain over which each function is.pdf
 
A storage reservoir contains 200 kg of a liquid that has a specific .pdf
A storage reservoir contains 200 kg of a liquid that has a specific .pdfA storage reservoir contains 200 kg of a liquid that has a specific .pdf
A storage reservoir contains 200 kg of a liquid that has a specific .pdf
 
4. Define modal split model transportation demand . central vision .pdf
4. Define modal split model transportation demand . central vision .pdf4. Define modal split model transportation demand . central vision .pdf
4. Define modal split model transportation demand . central vision .pdf
 
Comparison of dysplasia and hyperplasiaSolutionDysplasia Dys.pdf
Comparison of dysplasia and hyperplasiaSolutionDysplasia Dys.pdfComparison of dysplasia and hyperplasiaSolutionDysplasia Dys.pdf
Comparison of dysplasia and hyperplasiaSolutionDysplasia Dys.pdf
 
“Web 2.0 is simply a new label for a range of web technologies and c.pdf
“Web 2.0 is simply a new label for a range of web technologies and c.pdf“Web 2.0 is simply a new label for a range of web technologies and c.pdf
“Web 2.0 is simply a new label for a range of web technologies and c.pdf
 
You are required, but not limited, to turn in the following source f.pdf
You are required, but not limited, to turn in the following source f.pdfYou are required, but not limited, to turn in the following source f.pdf
You are required, but not limited, to turn in the following source f.pdf
 
Write a function to merge two doubly linked lists. The input lists ha.pdf
Write a function to merge two doubly linked lists. The input lists ha.pdfWrite a function to merge two doubly linked lists. The input lists ha.pdf
Write a function to merge two doubly linked lists. The input lists ha.pdf
 
Why just one sperm can enter the secondary oocyteWhy just one s.pdf
Why just one sperm can enter the secondary oocyteWhy just one s.pdfWhy just one sperm can enter the secondary oocyteWhy just one s.pdf
Why just one sperm can enter the secondary oocyteWhy just one s.pdf
 
Which plants produce multiple sporangia (Select all that apply.) Ga.pdf
Which plants produce multiple sporangia (Select all that apply.)  Ga.pdfWhich plants produce multiple sporangia (Select all that apply.)  Ga.pdf
Which plants produce multiple sporangia (Select all that apply.) Ga.pdf
 
what is economicsSolutionEconomics is the study of people in.pdf
what is economicsSolutionEconomics is the study of people in.pdfwhat is economicsSolutionEconomics is the study of people in.pdf
what is economicsSolutionEconomics is the study of people in.pdf
 
What are the functions of database management software (DBMS) Name .pdf
What are the functions of database management software (DBMS) Name .pdfWhat are the functions of database management software (DBMS) Name .pdf
What are the functions of database management software (DBMS) Name .pdf
 
Two proteins, HU and H-NS (Histone-like Nucleoid Structuring), are fo.pdf
Two proteins, HU and H-NS (Histone-like Nucleoid Structuring), are fo.pdfTwo proteins, HU and H-NS (Histone-like Nucleoid Structuring), are fo.pdf
Two proteins, HU and H-NS (Histone-like Nucleoid Structuring), are fo.pdf
 
The phylogenetic distribution of multicellular organisms indicates t.pdf
The phylogenetic distribution of multicellular organisms indicates t.pdfThe phylogenetic distribution of multicellular organisms indicates t.pdf
The phylogenetic distribution of multicellular organisms indicates t.pdf
 
Task #1 Correcting Logic Errors in FormulasCopy and compile the so.pdf
Task #1 Correcting Logic Errors in FormulasCopy and compile the so.pdfTask #1 Correcting Logic Errors in FormulasCopy and compile the so.pdf
Task #1 Correcting Logic Errors in FormulasCopy and compile the so.pdf
 
1 group SIV- chimpanzee V- 1 SIV. chimpanzee SIV- chimpanzee L SIV- c.pdf
1 group SIV- chimpanzee V- 1 SIV. chimpanzee SIV- chimpanzee L SIV- c.pdf1 group SIV- chimpanzee V- 1 SIV. chimpanzee SIV- chimpanzee L SIV- c.pdf
1 group SIV- chimpanzee V- 1 SIV. chimpanzee SIV- chimpanzee L SIV- c.pdf
 
Richards has filed quarterly reports to the SEC based on information.pdf
Richards has filed quarterly reports to the SEC based on information.pdfRichards has filed quarterly reports to the SEC based on information.pdf
Richards has filed quarterly reports to the SEC based on information.pdf
 

Recently uploaded

Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPSSpellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
AnaAcapella
 

Recently uploaded (20)

Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)Jamworks pilot and AI at Jisc (20/03/2024)
Jamworks pilot and AI at Jisc (20/03/2024)
 
21st_Century_Skills_Framework_Final_Presentation_2.pptx
21st_Century_Skills_Framework_Final_Presentation_2.pptx21st_Century_Skills_Framework_Final_Presentation_2.pptx
21st_Century_Skills_Framework_Final_Presentation_2.pptx
 
How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17How to Add a Tool Tip to a Field in Odoo 17
How to Add a Tool Tip to a Field in Odoo 17
 
REMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptxREMIFENTANIL: An Ultra short acting opioid.pptx
REMIFENTANIL: An Ultra short acting opioid.pptx
 
How to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptxHow to setup Pycharm environment for Odoo 17.pptx
How to setup Pycharm environment for Odoo 17.pptx
 
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
Beyond_Borders_Understanding_Anime_and_Manga_Fandom_A_Comprehensive_Audience_...
 
Introduction to TechSoup’s Digital Marketing Services and Use Cases
Introduction to TechSoup’s Digital Marketing  Services and Use CasesIntroduction to TechSoup’s Digital Marketing  Services and Use Cases
Introduction to TechSoup’s Digital Marketing Services and Use Cases
 
How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17How to Add New Custom Addons Path in Odoo 17
How to Add New Custom Addons Path in Odoo 17
 
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPSSpellings Wk 4 and Wk 5 for Grade 4 at CAPS
Spellings Wk 4 and Wk 5 for Grade 4 at CAPS
 
Model Attribute _rec_name in the Odoo 17
Model Attribute _rec_name in the Odoo 17Model Attribute _rec_name in the Odoo 17
Model Attribute _rec_name in the Odoo 17
 
Play hard learn harder: The Serious Business of Play
Play hard learn harder:  The Serious Business of PlayPlay hard learn harder:  The Serious Business of Play
Play hard learn harder: The Serious Business of Play
 
Understanding Accommodations and Modifications
Understanding  Accommodations and ModificationsUnderstanding  Accommodations and Modifications
Understanding Accommodations and Modifications
 
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdfUGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
UGC NET Paper 1 Unit 7 DATA INTERPRETATION.pdf
 
What is 3 Way Matching Process in Odoo 17.pptx
What is 3 Way Matching Process in Odoo 17.pptxWhat is 3 Way Matching Process in Odoo 17.pptx
What is 3 Way Matching Process in Odoo 17.pptx
 
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
NO1 Top Black Magic Specialist In Lahore Black magic In Pakistan Kala Ilam Ex...
 
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptxOn_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
On_Translating_a_Tamil_Poem_by_A_K_Ramanujan.pptx
 
Tatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf artsTatlong Kwento ni Lola basyang-1.pdf arts
Tatlong Kwento ni Lola basyang-1.pdf arts
 
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptxCOMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
COMMUNICATING NEGATIVE NEWS - APPROACHES .pptx
 
Details on CBSE Compartment Exam.pptx1111
Details on CBSE Compartment Exam.pptx1111Details on CBSE Compartment Exam.pptx1111
Details on CBSE Compartment Exam.pptx1111
 
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptxHMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
HMCS Vancouver Pre-Deployment Brief - May 2024 (Web Version).pptx
 

How are criminals maximizing their total utilitySolutionThe o.pdf

  • 1. How are criminals maximizing their total utility? Solution The optimization function of criminals is like this: Maximize Utility = U(Wealth accumulated from crimes), Subject to "Freedom" Constraint = Minimum conviction That is, they maximize utility by accumulating as much wealth they can from committing crimes, subject to the constraint that they need to spend as less time in prisons (by avoiding being caught, convicted and sentenced), since the more time they spend in prisons, the less they get time to commit further crimes and gather wealth from such activities.