„Crime is bad — (local) news at 11!“ > So they might be asked ‘Last year a crime programme reduced murders 10 percent in your area – would you be willing to pa

„Crime is bad — (local) news at 11!“ > So they might be asked ‘Last year a crime programme reduced murders 10 percent in your area – would you be willing to pay $200 to continue this.’ This values lives in areas with 10x murder rate at 1/10th the value of the base case, unless people know the crime rates (which they tend not to). > I actually think the American problem is considerably bigger than this estimate, because this study only includes the costs of crimes that actually get committed. However, people try their damnedest to avoid being the victims of crime. This leads to many extremely socially costly behaviours. Like advocating to drastically increase the budget for crime prevention?