A prospect theory perspective on terrorism

Cind Du Bois ()
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Cind Du Bois: Professor at Royal Military Academy, Department of Economics, Management & Leadership, Brussels, Belgium.

International Journal of Business and Social Research, 2017, vol. 7, issue 5, 1-8

Abstract: This paper presents a new approach to the study of terrorist behaviour and argues that a framework based on Prospect Theory can provide novel insights on the understanding of the terrorist mind-set. Such a framework allows different pathways to become a terrorist and although individual decisions are studied, the model also takes into account environmental factors. By changing these environmental factors and/or framing the choice differently, PT also shows how the terrorist group and/or a charismatic leader can influence the individual’s whether or not to turn to terrorism. Having a clear conceptual framework is a first crucial step towards comprehension and in the case of terrorism, towards detection and/or prevention. In this way, the PT framework can also contribute significantly to counter-terrorism policy and can guide the budgetary means in efficient way.

Keywords: Prospect theory; terrorism (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:mir:mirbus:v:7:y:2017:i:5:p:1-8

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