Crime and Human Development
Cost-benefit analysis is a systematic approach used to evaluate the potential outcomes of a decision by comparing the expected costs against the anticipated benefits. This method helps individuals and organizations weigh their options, considering both quantitative and qualitative factors to make informed choices. In the context of understanding human behavior and criminal activity, cost-benefit analysis can reveal how rational individuals assess risks and rewards, influencing their decisions to commit or refrain from criminal acts, as well as how life circumstances impact these evaluations over time.
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