Handbook of Behavioural Economics and Smart Decision-Making
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Handbook of Behavioural Economics and Smart Decision-Making

Rational Decision-Making within the Bounds of Reason

Edited by Morris Altman

This Handbook is a unique and original contribution of over thirty chapters on behavioural economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to a theme running through much contemporary work where individuals’ behaviour is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of decision-makers. This book covers a wide-range of themes from micro to macro, including various sub-disciplines within economics such as economic psychology, heuristics, fast and slow-thinking, neuroeconomics, experiments, the capabilities approach, institutional economics, methodology, nudging, ethics, and public policy.

Handbook

Published in print:
26 May 2017
ISBN:
9781782549574
DOI:
https://doi.org/10.4337/9781782549598
Pages:
c 616
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Chapter 29: The role of identity, personal and social capital in community crime prevention

Rational Decision-Making within the Bounds of Reason

Ambrose Leung and Brandon Harrison

Handbook Chapter

Published in print:
26 May 2017
Category:
Handbook Chapter
DOI:
https://doi.org/10.4337/9781782549598.00042
Pages:
515–525 (11 total)
Collection: Economics 2017

Extract

Community crime prevention (CCP) is based on collective action by citizens to reduce criminal opportunities through surveillance and vigilance of their community (Schneider 2007). The success of CCP hinges critically on a community’s characteristics that form unique opportunities and constraints faced by members of the community. A smart decision that concerns the level of CCP participation for residents in crime-ridden areas is likely different from that of residents in low-crime areas. This chapter shows that the type of smart decisions made by individuals can vary between communities with different characteristics that determine the success or failure of CCP. From the 1920s to 1960s, police practice followed mainly the ‘professional model of policing’, which emphasizes the role of police as crime fighters and citizens as passive recipients of police services (Smith et al. 1997). Changing economic and social conditions during the 1960s proved such police practice ineffective as crime rates continued to rise. Alternative solutions were called for and crime prevention entered the era of community crime prevention (Vallée 2010).

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