Pursuit of Truthiness

my gut tells me I know economics

Why the Drug War Causes Violence, in 57 words

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Legal Business: My liquor store is robbed. I call the cops.

Illegal Business: I am robbed for my cocaine.
If I call the cops, I am laughed at or arrested.
If I do nothing, they rob me again every week.
I can only save the business through vigilante justice.
Maybe a kid gets caught in the crossfire.

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Written by James Bailey

September 20, 2013 at 2:57 pm

Posted in game theory

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