Bank Robbery: Why Crime Doesn’t Really Pay

Writes Thomas H. Maugh II on the LA Times Science Now:

Crime doesn’t pay, at least not very well, when it comes to robbing banks, a new study finds. With unprecedented access to financial data from British banks, economists have shown that bank robbers don’t make a lot of money, certainly not enough to justify the risks involved in such an armed robbery.

“The return on an average bank robbery is, frankly, rubbish,” the researchers wrote in the statistics journal Significance. “It is not unimaginable wealth.” It is so low, in fact, that it is not financially worthwhile for banks to install screens that could further reduce robberies.

Economist Neil Rickman of the University of Surrey and his colleagues were given unusual access to financial data from the British Bankers’ Assn. Such data about robberies are not normally disclosed to the public because it is commercially sensitive and could potentially encourage copycat robbers. Treating bank robbery as a business like any other, they used normal statistical measures to calculate profitability…

Read More: LA Times Science Now

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  • http://buzzcoastin.posterous.com BuzzCoastin

    I think by now everyone knows that you rob the bank from the inside
    legally, with the aid of the Feds.

  • NoahWay

    The best way to rob a bank is to own one.

    • http://internetkhole.blogspot.com/ Pb

      hurr durr occupy wallstreet herpity banksters derpity

  • http://internetkhole.blogspot.com/ Pb

    If crime doesn’t pay, you’re doing it wrong.

  • http://www.ContraControl.com/ Zenc

    Why would anyone expect a hobby to be profitable just because it’s illegal?

  • Phantom

    Risk getting shot and or losing your freedom…..for what?  a couple thousand dollars?  You must be and idiot or desperate to gamble so much for so little.

    I agree with other comments posted, there are other ways to be a successful criminal than robbing banks.

  • Anarchy Pony

    What you gotta do is be like Hideo Kuze and hack into the systems electronically and then just take tiny amounts of money from a huge number of accounts.

  • Haystack

    Banks aren’t for robbing. They’re for being robbed by. 

  • Apathesis

    Patty Hearst heard the burst of Roland’s Thompson gun and bought it.

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