second brain (Using this risk-return framework for crime, it...)

Using this risk-return framework for crime, it begins to be clear why there is so much bike theft. For all practical purposes, stealing a bike is risk-free crime. It turns out there is a near zero chance you will be caught stealing a bike (see here) and if you are, the consequences are minimal. /via @felixsalmon
(via What Happens to Stolen Bicycles?)

Using this risk-return framework for crime, it begins to be clear why there is so much bike theft. For all practical purposes, stealing a bike is risk-free crime. It turns out there is a near zero chance you will be caught stealing a bike (see here) and if you are, the consequences are minimal.

/via @felixsalmon

(via What Happens to Stolen Bicycles?)

— 9 months ago with 1 note

#economics #cycling #THEFT #STATS #crime #bicycles

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