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W. Kip . Ed(S): Viscusi - The Risks of Terrorism - 9781441954282 - V9781441954282
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The Risks of Terrorism

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Description for The Risks of Terrorism paperback. Editor(s): Viscusi, W. Kip. Series: Studies in Risk and Uncertainty. Num Pages: 152 pages, biography. BIC Classification: KCA; KCP; KFFK; KJMV6; LN. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 8. Weight in Grams: 254.

The September 11, 2001 terrorism attack on the United States has led government officials to rethink anti-terrorism policies and researchers to assess the implications for the study of risk and uncertainty. This book draws on the expertise of eminent researchers in several risk-related fields to assess three substantive areas of concern - risk beliefs, insurance market effects, and policy responses.

The risk belief analyses consider several key questions. How do people think about the risks of terrorism? What are their attitudes toward these risks? To what extent are these low probability and highly dramatic risks overestimated?

Several chapters ... Read more

The insurance industry incurred financial losses generated by the terrorism attack. The risks had not been foreseen and were not reflected in insurance pricing. These new terrorism risks generated considerable uncertainty for insurance markets, leading to insurance stock price declines that are documented in this book. Subsequently, a stock price rebound occurred, particularly for the higher quality firms.

A third pair of essays deals with policy responses to terrorism risks. A central theme of these analyses is that protective actions by one party have fundamental effects on the risks posed to others. Making airlines immune to terrorist attack may shift the terrorism attacks elsewhere, diminishing the net improvement in security. The papers included here examine how resources should be targeted given these offsetting effects.

Contributors to this volume include J. David Cummins, Neil A. Doherty, Baruch Fischhoff, Geoffrey Heal, HowardKunreuther, Cass R. Sunstein, W. Kip Viscusi, and Richard J. Zeckhauser, among others.

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Product Details

Format
Paperback
Publication date
2010
Publisher
Springer-Verlag New York Inc. United States
Number of pages
152
Condition
New
Series
Studies in Risk and Uncertainty
Number of Pages
152
Place of Publication
New York, NY, United States
ISBN
9781441954282
SKU
V9781441954282
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15

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