The old version of rational choice theory is that people engage in conscious and deliberate cost-benefit analysis such that they maximize the values and minimize the costs of their actions. The new version of rational choice theory is that people intuit the values and costs of an action; but because they are imperfect processors of information, they pursue what they perceive as most satisfying. The possibility that legal punishments deter is consistent with the new version of rational choice theory, which can be used to integrate deterrence with other criminological theories, such as strain and social learning. An integrated theory of deterrence is presented and tested with experimental data.
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