What is it about?
We use prospect theory to explain how terrorists choose.
Featured Image
Photo by fabio on Unsplash
Why is it important?
We show how to find the attack method that would be preferred by terrorists who frame their possible gains and losses against a predecessor's or rival's achievements.
Perspectives
The idea the number of injuries and fatalities that a predecessor or rival has inflicted is the reference point for a terrorist planning an attack is the centrepiece of the analysis. We answer the question of where the reference point comes from: it comes from the outcomes (fatalities, ransoms, media attention etc.) of a predecessor's or rival's attacks.
Dr Peter J Phillips
University of Southern Queensland
Read the Original
This page is a summary of: PROSPECT THEORY AND TERRORIST CHOICE, Journal of Applied Economics, May 2014, Elsevier,
DOI: 10.1016/s1514-0326(14)60006-4.
You can read the full text:
Contributors
The following have contributed to this page
