CATASTROPHE AND RATIONAL POLICY: CASE OF NATIONAL SECURITY.

Predicting catastrophes involves heavy‐tailed distributions with no mean, eluding proactive policy as expected cost‐benefit analysis fails. We study US government counterterrorism policy, given heightened risk of terrorism. But terrorism also involves human behavior. We synthesize the behavioral and...

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Detalles Bibliográficos
Publicado en:Economic Inquiry Vol. 59; no. 1; pp. 140 - 162
Autores principales: Mohtadi, Hamid, Weber, Bryan S.
Formato: Artículo
Publicado: Wiley-Blackwell Jan2021
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Acceso en línea:Ver este registro en EBSCOhost