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A prospect theory perspective on terrorism

Author

Listed:
  • Cind Du Bois

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

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.

Suggested Citation

  • Cind Du Bois, 2017. "A prospect theory perspective on terrorism," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 7(5), pages 1-8, May.
    • Handle: RePEc:mir:mirbus:v:7:y:2017:i:5:p:1-8
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    File URL: https://thejournalofbusiness.org/index.php/site/article/view/1051/655
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    Keywords

    Prospect theory; terrorism;

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