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If a particular offense is detected a criminal will be fined. Suppose that research shows that a 1% increase in the fine has a smaller

If a particular offense is detected a criminal will be fined. Suppose that research shows

that a 1% increase in the fine has a smaller deterrent effect than a 1% increase in the probability of detection. Does this imply that criminals are risk lovers or risk haters? Why? Drawthe utility curve for criminals.

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