Henrik Lando: Department of Finance, Copenhagen Business School, Postal: Department of Finance, Copenhagen Business School, Solbjerg Plads 3, A5, DK-2000 Frederiksberg, Denmark
Abstract: This paper addresses the issue of the optimal standard of proof in crim-inal law. It is assumed that people in society care about both fairness and deterrence. It is important to punish those who are guilty and only those. However, error is unavoidable and hence a trade-o¤ emerges between the three aims of punishing the guilty, not punishing the innocent and deterring potential criminals. It is shown that when only deterrence matters the op-timal standard of proof is a preponderance-of-the-evidence standard (given some other assumptions) while if fairness is an issue the standard will gen-erally be stricter and involve Bayesian up-dating. When both fairness and deterrence matter the standard of proof will (generally) lie in between the two standards. An example illustrates how the model might be applied in practice to determine the optimal standard of proof for a given crime.
32 pages, August 8, 2000
Full text files
Questions (including download problems) about the papers in this series should be directed to Lars Nondal ()
Report other problems with accessing this service to Sune Karlsson ().
This page generated on 2018-01-23 23:31:05.