An important question in discussing terrorism risk is: How can we understand the behavior of terrorists? To the extent that terrorism is aimed at disrupting the normal activity of society, a second important question is how to understand society’s response-that is the reaction of economic actors such as consumers and investors to terrorism risk? Answering the first question leads to the kind of analysis that involves the behavioral aspects of terrorism. The DHS Center at the Univ. of Maryland, known as START, is charged with this task.
Mohtadi, Hamid. 2006. “Assessing the Risk of Terrorism Using Extreme Value Statistics.” Proceedings of the Institute of Food Technologists’ First Annual Food Protection and Defense Research Conference, November 3-4, Atlanta, GA. http://www.ift.org/~/media/Knowledge%20Center/Science%20Reports/Conference%20Papers/4Mohtadi.pdf