TY - JOUR AU - Dickens,William T. TI - Crime and Punishment Again: The Economic Approach with a Psychological Twist JF - National Bureau of Economic Research Working Paper Series VL - No. 1884 PY - 1987 Y2 - 1987 UR - http://www.nber.org/papers/w1884 L1 - http://www.nber.org/papers/w1884.pdf N1 - Author contact info: William Dickens School of Public Affairs University of Maryland College Park, Maryland 20742-1821 Tel: 301 405-3494 E-Mail: wtdickens@gmail.com AB - Akerlof and Dickens (1982) suggested that in a model of criminal behavior which considered the effects of cognitive dissonance, increasing the severity of punishment could increase the crime rate. This paper demonstrates that that conjecture was correct. With cognitive dissonance, people may have to rationalize not committing crimes under normal circumstances if punishment is not severe. The rationalization may lead them to underestimate the expected utility of committing crimes when opportunities present themselves. If punishment is severe, then rationalization may not be necessary and people may be more likely to commit crimes when opportunities arise. ER -