Prospect theory and terrorist choice



Título del documento: Prospect theory and terrorist choice
Revue: Journal of applied economics
Base de datos: CLASE
Número de sistema: 000394995
ISSN: 1667-6726
Autores: 1
1
Instituciones: 1University of Southern Queensland, Toowoomba, Queensland. Australia
Año:
Periodo: Nov
Volumen: 16
Número: 2
Paginación: 139-160
País: Argentina
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico, descriptivo
Resumen en inglés We study terrorist choice from the perspective of economics and psychology. Using RAND-MIPT data about the injuries and fatalities inflicted by different terrorist attack methods, we compute sets of preference orderings over the attack methods using prospect theory. This incorporates reference point dependence, risk seeking in the domain of losses, risk aversion in the domain of gains, non-linear preferences and loss aversion into an analysis of terrorist behaviour. We pay particular attention to the importance of a reference point in the context of ‘copycat’ acts of violence and the influence of loss aversion on the choice of attack method. Our results provide an indication of the types of attack methods that would be chosen by a terrorist whose decision-making process is described by prospect theory and who might, for example, seek to emulate or surpass the actions of a predecessor
Disciplinas: Economía
Palabras clave: Historia y filosofía de la economía,
Terrorismo,
Econometría,
Teoría prospectiva
Texte intégral: Texto completo (Ver PDF)