CC100 Lecture Notes - Lecture 5: Market Manipulation
Document Summary
Most crimes pay less than legitimate work: have to commit 193 burglaries or more to make crime pay more. Profits are reduced by costs of crime: legal costs, jail time. So why do it: criminals overestimate proceeds, believe legitimate work is unavailable, don"t believe they will get caught and don"t count the cost. Personal factors affecting criminal behaviour: perception of future earnings from crime, perception of legitimate income opportunity, perception of risk of getting caught (learned, personality and lifestyle. Impact of reward is greater that fear of punishment. Situational factors affecting criminal behaviour: the location and guardianship. Is the criminal able to avoid detection: the target. Is there actually money in the till: the available means and techniques. Crime occurs after individuals consider the following: personal factors: need for money, revenge, thrills and entertainment, situational factors: security, police effectiveness. The decision is based on reasonable assessment of potential gains and losses.
