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by int0x2e 1354 days ago
You might be interested in listening/reading a recent Planet Money episode (https://www.npr.org/2022/09/22/1124477182/federal-judges-eco...), which explains how for ~20 years or so, many US federal court justices went to an exclusive, all expense paid economics bootcamp, taught by some of the most well known economics thinkers of the time. That sure sounds great in theory - why wouldn't you want to have judges to have a deeper understanding of economics when they can have impact on financial matters?

Well, as it turns out, some of the key ideas taught focused on the rational economic theory, and extrapolated from there to crime and punishment - e.g.: a criminal makes a cold economic calculation before commit each crime, taking into account the expected gain from this crime, the likelihood of getting caught, the expected punishment if caught, etc. - and therefor, if we make the "cost" higher, by opting for harsher prison sentences - crime will become less attractive and therefore happen less.

When the data is analyzed, justices that went through this program appear to hand out harsher sentences to offenders, and often rule in favor of corporations and against government agencies when compared to the control group. The effect is most evident for judges that used to learn more to the liberal side, which is surprising to me, but it definitely is interesting.