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August 07, 2006

The Economics of MURDER!!!

Economics has a hard time trying to quantify irrational things. How do you measure, for example, the cost or benefit of love? Those in love act very irrational. However, they tend to also act very predictable. It is irrational to spend thousands on a clear stone that has no real value whatsoever. Yet it is also fairly predictable.

But what about murder? Murder is irrational. It is often a reaction to intense emotion. It may even be predictable. What then drives people to murder. What is it that drives them to the point that the benefit of ending someone else's life is worth the high chance of considerable prison time, or even death?

For many it is a crime of passion, of emotion, perpetrated without thought. But what about those who painstakingly plan their murders? Are these rational decisions? Are they mentally ill? Is murder ever committed rationally? Does the benefit ever outweigh the risk?

Posted by March at August 7, 2006 01:03 PM


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