The preferred risk habitat of al-Qaeida terrorists

Phillips, Peter J. (2010) The preferred risk habitat of al-Qaeida terrorists. European Journal of Economics, Finance, and Administrative Sciences (23). pp. 21-33. ISSN 1450-2275

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The purpose of this paper is to investigate the attack method choices of terrorists. In particular, this paper addresses the question of whether the attack method choices of terrorists are guided by a preferred risk habitat. Terroristic organisations might select attack methods as part of an overall ‘program’ in a manner that takes into consideration the overall level of risk that the organisation bears. Alternatively, they might select attack methods sequentially or ‘one at a time’ in a manner that is consistent with their risk preference but without considering the overall risk of their operations. The empirically testable hypothesis that emerges is that terroristic organisations who select attack methods sequentially in a manner consistent with their risk preference will choose attack methods that exhibit similar a similar level of volatility (risk). The results indicate a calculated, non-random consideration of the consequences of particular attack methods on the risk of its overall operations and the terrorist organisation’s utility.

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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: Author retains copyright.
Faculty / Department / School: Historic - Faculty of Business - School of Accounting, Economics and Finance
Date Deposited: 11 Oct 2010 05:35
Last Modified: 03 Jul 2013 00:03
Uncontrolled Keywords: al-Qaeida; al-Qaida; risk; preferred habitat; attack methods; choices; volatility
Fields of Research : 17 Psychology and Cognitive Sciences > 1702 Cognitive Sciences > 170202 Decision Making
14 Economics > 1402 Applied Economics > 140299 Applied Economics not elsewhere classified
22 Philosophy and Religious Studies > 2203 Philosophy > 220302 Decision Theory
Socio-Economic Objective: A Defence > 81 Defence > 8101 Defence > 810107 National Security

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