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zach.dev's avatar

Would be interesting to do a similar estimate for "white collar" crime -- getting screwed by a business partner, a contractor, an embezzling employee etc. Experiences like these caused me a lot of "trauma" in the sense of significantly lower trust and a more hostile disposition to new opportunities for several years. If you talk to entrepreneurs, some have something like PTSD about that one employee who screwed them and almost sank their business.

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Ben Southwood's avatar

I didn’t write about them due to space, and because I think that overall violent crime is more significant. But some of the papers I wrote about produced estimates for how much a fraud was worth or similar. On average the willingness to pay estimates were somewhat lower than any of the physical violent crimes. But agree that in some cases they can totally ruin lives and cause severe scars.

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