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.
AuthorsRobertson, M.
TypeDiscussion 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

Keywordsinformation design; loss aversion; wrongful conviction; Bayesian persuasion.
Year2018
PublisherUniversity of Warwick
Place of publicationCentre 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
PrintDec 2018
Publication process dates
Deposited26 Feb 2024
Permalink -

https://openresearch.lsbu.ac.uk/item/96585

Download files


File
creta48_-_matthew_robertson.pdf
License: CC BY 4.0
File access level: Open

  • 9
    total views
  • 3
    total downloads
  • 1
    views this month
  • 1
    downloads this month

Export as

Related outputs

Unobservable Costly Effort in Security Design
Robertson, M. (2024). Unobservable Costly Effort in Security Design. Economics Letters. 235. https://doi.org/10.1016/j.econlet.2024.111573
Contests with Ex-Ante Target Setting
Robertson, M. (2018). Contests with Ex-Ante Target Setting. Centre for Research in Economic Theory and its Applications, Discussion Paper Series, University of Warwick University of Warwick.