Wrongful Conviction, Persuasion and Loss Aversion
Discussion paper
Robertson, M. (2018). Wrongful Conviction, Persuasion and Loss Aversion. Centre for Research in Economic Theory and its Applications, Discussion Paper Series, University of Warwick University of Warwick.
Authors | Robertson, M. |
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Type | Discussion paper |
Abstract | When can a prosecutor persuade a loss-averse judge to increase her rate of conviction? Motivated by empirical evidence, I study a model of persuasion in which the loss a judge incurs from wrongful conviction looms larger than the gain from a just verdict. I show that, surprisingly, the prosecutor benefits from persuasion even when the judge is extremely loss-averse. However, a necessary condition is that the prosecutor does not underestimate the judge’s loss aversion. I draw on experimental findings to quantify the effectiveness of persuasion under loss aversion |
Keywords | information design; loss aversion; wrongful conviction; Bayesian persuasion. |
Year | 2018 |
Publisher | University of Warwick |
Place of publication | Centre for Research in Economic Theory and its Applications, Discussion Paper Series, University of Warwick |
Web address (URL) | https://warwick.ac.uk/fac/soc/economics/research/centres/creta/papers/manage/creta48_-_matthew_robertson.pdf |
File | License File Access Level Open |
Publication dates | |
Dec 2018 | |
Publication process dates | |
Deposited | 26 Feb 2024 |
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https://openresearch.lsbu.ac.uk/item/96585
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