Bigger fines would, too. If you gain $1B by doing an action, but you have a >10% chance of a >10B fine, it's expected value is negative.
The 10% and 10B might need to be extra high to account for hyperbolic discounting, but I think we could get there just by increasing those numbers. Shortening the time from gain and fine would also help. I don't think we can get it into a single-quarter cycle, but most CEOs don't want their company bankrupted five years down the line, either.
The 10% and 10B might need to be extra high to account for hyperbolic discounting, but I think we could get there just by increasing those numbers. Shortening the time from gain and fine would also help. I don't think we can get it into a single-quarter cycle, but most CEOs don't want their company bankrupted five years down the line, either.