The economics of criminal and terrorist behaviour - Revision history

John P: /* Rational economic agents */

2013-10-30T09:25:26Z

Rational economic agents

John P: /* Rational economic agents */

2013-10-30T09:21:50Z

Rational economic agents

John P: /* The economics of criminal behaviour and terrorist behaviour */

2013-10-30T09:19:49Z

The economics of criminal behaviour and terrorist behaviour

Albert at 23:17, 30 January 2013

2013-01-30T23:17:20Z

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2013-01-30T21:16:19Z

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John P: /* Rational economic agents */

2012-12-27T11:23:04Z

Rational economic agents

John P at 09:46, 21 December 2012

2012-12-21T09:46:08Z

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 == Rational economic agents ==
 [[File:No to terrorism.jpg|thumb|No to terrorism]]
-Economic theory is based on the assumption that criminals and terrorists (even suicidal bombers) behave like rational economic agents<ref>A rational economic agent is an agent with clear preferences, who models uncertainty via expected values, and "always chooses to perform the action that results in the optimal outcome for itself from among all feasible actions". Source: Wikipedia. Online: http://en.wikipedia.org/wiki/Rational_agent. A rational agent is also referred to as the ''Homo Economicus''</ref>The ''Homo Economicus'' implies that they face a well defined set of preferences, and will select their preferred choice of action to maximise their utility<ref>"Utility is a representation of preferences over some set of goods and services"(Source Wikipedia).</ref> within a given resource restraint<ref> Enders and Sandler (2006)</ref>. Consequently, economic theory predicts that a change in the relative price (due to for example security measures) will result in a shift of criminal and terrorist action towards the relatively cheaper activity (legal or not legal).
+Economic theory is based on the assumption that criminals and terrorists (even suicidal bombers) behave like rational economic agents<ref>A rational economic agent is an agent with clear preferences, who models uncertainty via expected values, and "always chooses to perform the action that results in the optimal outcome for itself from among all feasible actions". Source: Wikipedia. Online: http://en.wikipedia.org/wiki/Rational_agent.</ref>. A rational agent is also referred to as the ''Homo Economicus'', which implies that they face a well defined set of preferences, and will select their preferred choice of action to maximise their utility<ref>"Utility is a representation of preferences over some set of goods and services". Source: Wikipedia. Online:http://en.wikipedia.org/wiki/Utility</ref> within a given resource restraint. Consequently, economic theory predicts that a change in the relative price (due to for example security measures) will result in a shift of criminal and terrorist action towards the relatively cheaper activity (legal or not legal).
 == The economics of criminal behaviour and terrorist behaviour ==

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 == Rational economic agents ==
 [[File:No to terrorism.jpg|thumb|No to terrorism]]
-Economic theory is based on the assumption that criminals and terrorists (even suicidal bombers) behave like rational economic agents<ref>A rational economic agent is an agent with clear preferences, who models uncertainty via expected values, and "always chooses to perform the action that results in the optimal outcome for itself from among all feasible actions" (Source: Wikipedia). A rational agent is also referred to as the Homo Economicus</ref>, which implies that they face a well defined set of preferences, and will select their preferred choice of action to maximize their utility<ref>"Utility is a representation of preferences over some set of goods and services"(Source Wikipedia).</ref> within a given resource restraint<ref> Enders and Sandler (2006)</ref>. Consequently, economic theory predicts that a change in the relative price (due to for example security measures) will result in a shift of criminal and terrorist action towards the relatively cheaper activity (legal or not legal).
+Economic theory is based on the assumption that criminals and terrorists (even suicidal bombers) behave like rational economic agents<ref>A rational economic agent is an agent with clear preferences, who models uncertainty via expected values, and "always chooses to perform the action that results in the optimal outcome for itself from among all feasible actions". Source: Wikipedia. Online: http://en.wikipedia.org/wiki/Rational_agent. A rational agent is also referred to as the ''Homo Economicus''</ref>The ''Homo Economicus'' implies that they face a well defined set of preferences, and will select their preferred choice of action to maximise their utility<ref>"Utility is a representation of preferences over some set of goods and services"(Source Wikipedia).</ref> within a given resource restraint<ref> Enders and Sandler (2006)</ref>. Consequently, economic theory predicts that a change in the relative price (due to for example security measures) will result in a shift of criminal and terrorist action towards the relatively cheaper activity (legal or not legal).
 == The economics of criminal behaviour and terrorist behaviour ==

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 == The economics of criminal behaviour and terrorist behaviour ==
-In general, [[The economics of terrorist behaviour|the economics of terrorist behaviour]] is closely related to [[The economics of crime|the economics of crime]]. Both theories assume a rational economic agent, a socio-economic background and a dynamic interaction between the criminal/terrorist and its counterpart. However, where crime is in most cases solely related to socio-economic factors such as poverty, wage and income inequality, level of education, etc., the roots of terrorism can be found in economic factors, but also political (e.g. repression) and/or social factors (e.g. religious, ethnic, geography).
+In general, [[The economics of terrorist behaviour|the economics of terrorist behaviour]] is closely related to [[The economics of crime|the economics of crime]]. Both theories assume a rational economic agent, a socio-economic background and a dynamic interaction between the criminal/terrorist and its counterpart. However, where crime is in most cases solely related to socio-economic factors such as poverty, wage and income inequality, level of education, etc., the roots of terrorism can be found in economic factors, but also political (e.g. repression) and/or social factors (e.g. religious, ethnic and geography).
 == Related subjects ==

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 [[Category:Economic]]
 [[File:ae.png|25px|right|This is a page providing background in a specific field of expertise]]'''The economics of criminal and terrorist behaviour''' deals with the impact of incentives on criminal and terrorist behaviour and the possible measures to reduce threats. Economic models not only predict and explain the behaviour of criminals and terrorists, but can also be used to describe the causes of crime and terrorism and the dynamic interaction between criminals/terrorists and security measures.
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-website=http://securipedia.eu/cool/index.php?wiki=securipedia.eu&concept=The_economics_of_criminal_and_terrorist_behaviour
+http://securipedia.eu/cool/index.php?wiki=securipedia.eu&concept=The_economics_of_criminal_and_terrorist_behaviour
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-'''The economics of criminal and terrorist behaviour''' deals with the impact of incentives on criminal and terrorist behaviour and the possible measures to reduce threats. Economic models not only predict and explain the behaviour of criminals and terrorists, but can also be used to describe the causes of crime and terrorism and the dynamic interaction between criminals/terrorists and security measures.
+[[File:ae.png|25px|right|This is a page providing background in a specific field of expertise]]'''The economics of criminal and terrorist behaviour''' deals with the impact of incentives on criminal and terrorist behaviour and the possible measures to reduce threats. Economic models not only predict and explain the behaviour of criminals and terrorists, but can also be used to describe the causes of crime and terrorism and the dynamic interaction between criminals/terrorists and security measures.
 == Relevance for the urban planner ==