Resource title

Calculating tragedy : assessing the costs of terrorism

Resource image

image for OpenScout resource :: Calculating tragedy : assessing the costs of terrorism

Resource description

The trends and consequences of terrorist activities are often captured by counting the number of incidents and casualties. More recently, the effects of terrorist acts on various aspects of the economy have been analyzed. These costs are surveyed and put in perspective. As economic consequences are only a part of the overall costs of terrorism, possible approaches for estimating the utility losses of the people affected are discussed. Results using the life satisfaction approach, in which individual utility is approximated by self-reported subjective well-being, suggest that people?s utility losses may far exceed the purely economic consequences.

Resource author

Bruno S. Frey, Simon Luechinger, Alois Stutzer

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/18705

Resource license

Adapt according to the presented license agreement and reference the original author.