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Responsible Counterterrorism Policy

September 10, 2014 in Economics

Terrorism is a hazard to human life, and it should be dealt with in a manner similar to that applied to other hazards—albeit with an appreciation for the fact that terrorism often evokes extraordinary fear and anxiety. In a new study, John Mueller and Mark G. Stewart look at four issues central to risk analysis for terrorism — the cost per saved life, acceptable risk, cost–benefit analysis, and risk communication — and assess the degree to which risk analysis has been coherently applied to counterterrorism efforts by the U.S. government.

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