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This book explores new horizons for the economic analysis of terrorism with an innovative combination of economics and offender profiling. The book is aimed at contributing to law enforcement efforts to pre-empt and pursue the lone wolf terrorist. By taking the economic analysis of terrorism back to its core concepts of 'opportunities' and 'choices' and by insisting that all results be both computable and relevant to the investigative process, the author examines lone wolf terrorism from a unique perspective that yields new insights into the nature of the lone wolf terrorist's opportunities an

AbstractThe purpose of this paper is to apply economic analysis to the opportunities and choices of single individual 'lone wolf' terrorists whose attacks are characterised by 'sprees' of violence, usually shooting sprees in public places, that last only for a relatively short period of time. The spree lone wolf also emerges suddenly. Having previously allocated no resources to terrorism, he suddenly and all at once allocates all of his resources, including time, to terrorism. The first step to providing guidance to governments and their law enforcement agencies is to encompass some important elements of the spree lone wolf's opportunities and choices within an economic analytical framework. The first steps towards this are undertaken in this paper by exploring the opportunities and choices of the spree lone wolf from a risk-reward perspective and a treatment of the spree lone wolf as an individual who, while attempting to maximise his expected utility, shuns the risk-reduction benefits of 'time diversification' and suddenly plunges all of his resources into terrorism within a single time period. The analysis shows that such behaviour can be explained within an economic model of choice and clears the way for further theoretical analysis and empirical analysis.