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David Friedman - What Does Law Have To Do With Economics?

The Curious Task

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How Much Damage Do You Owe? And How Much Do You Obey?

In practice, that one of the decisions that's being made implicitly in any legal system is how high your standards of proof are. So unless you're pretty sure you can get an acquittal, you should, should plead. And whether you should plead to it does not depend whether you're guilty or not. Let me give you another example of trade als eexactly, a sort of an interesting one, and that is that we have shifted to a situation where almost all felony cases are decided without a trial.

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