Tuesday, June 12, 2012

Bank Robbery Is Not What It Used To Be

Three English economists have studied the economics of bank robbery and concluded that bank robbery is not a very good deal.  On average, the robber nets about $25,000 per person, which the authors feel might take care of someone for about six months. The chances of making bank robbery a year-round occupation are slim as the probability of being caught increases with each robbery so that it is likely that after four robberies the robbers will wind up in jail.

Maybe that's why bank robberies are on the decline in England and the U.S.

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