Homeowners Can Secretly Protect Valuables, Deterring Burglars
The article explores how people decide to protect their belongings from theft based on the value of the items and whether their efforts are visible to others. The study shows that when defenders have secret information about the worth of their possessions and can choose whether to hide or display their security measures, it can lead to better outcomes compared to situations where everyone knows everything. The results depend on the types of defenders, how different they are from each other, and how much they value their belongings compared to potential thieves. This research sheds light on how households can make decisions about protecting their property from criminals.