Fear and the Response to Terrorism: An Economic Analysis

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How researchers see this paper

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Destruction and Distress: Using a Quasi-Experiment to Show the Effects of the September 11 Attacks on Mental Well-Being in the United Kingdom (2011, background): “This research goes some way towards demonstrating that the fear and psychological cost induced by terrorism is substantial and might greatly exceed the discounted physical harm (Sunstein, 2003; Becker and Rubinstein, 2004).”
The life satisfaction approach to valuing public goods: The case of terrorism (2009, background): “Becker and Rubinstein (2004) also assert that terrorism can have consequences beyond what the underlying probabilities would suggest.”