Assume that the payoff function yx increases by a constant, Business Law and Ethics

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Assume that the payoff function yx increases by a constant

Question: 1. Assume that the punishment function f(x) increases by a constant k, so that f(x) becomes f(x) + k. What is the effect on the criminal's behavior?

2. Assume that the payoff function y(x) increases by a constant k, so that y(x) becomes y(x) + k. What is the effect on the criminal's behavior?

3. Why should the law punish a person more severely for committing the same crime deliberately rather than spontaneously?

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Business Law and Ethics: Assume that the payoff function yx increases by a constant

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Business Law and Ethics: Assume that the payoff function yx increases by a constant

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