We study terrorist choice from the perspective of economics and psychology. Using RANDMIPT data about the injuries and fatalities inflicted by different terrorist attack methods, we compute sets of preference orderings over the attack methods using prospect theory. This incorporates reference...

Using qualitative comparative statics we analyse terrorist choice and government strategy in a context where the qualities or characteristics of the terrorist's various alternatives are salient to his decision-making. Orthodox choice theory can be used to show what happens when government...

The Global Terrorism Database (GTD) contains many active and inactive terrorist groups. The defining characteristic of the terrorist groups contained in the GTD is smallness. Unlike the modern business enterprise, for example, there appears to be no trend towards ‘bigness’. This...

Purpose – The purpose of this paper is to determine whether self-managed superannuation fund (SMSF) trustees earn: the equity risk premium or any premium to the riskless rate of interest. Design/methodology/approach – Using a sample of 100 SMSFs, the average annual returns since inception of...

In this article we examine the diversification and performance of a small preliminary sample of Australian self-managed superannuation (retirement) funds (SMSFs). Using the single index model and traditional (risk-adjusted) performance measures within the context set by modern portfolio theory...