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Adaptation patterns and consumer behavior as a dependency on terror

机译：适应模式和消费者行为对恐怖的依赖

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Terror may have dire implications for the public's behavior. According to Kirschenbaum (J Homel Secur Emerg Manag 3(1/3): 1-33, 2006), in order to minimize the expected impact of a terror incident the public has to adopt a "survival strategy". According to the underlying research hypothesis of the study, the longer the terror incidents continue, the more the public accepts the possibility that it will be in this situation for the long term; therefore, the extent of its deviation from its ordinary consumer behavior steadily declines after each terror incident. By using daily trade data and an Event Studies econometric methodology, we found the existence of an adaptation trend among the consumer public. Thus, over time, the Israeli public internalized the realization that if it wishes to sustain a reasonable standard of living, it must minimize the disparity between its consumer economic behavior before a terror event and its behavior afterwards. Announcing more assassinations of terrorists was found to calm the public's fears, when fears are judged by a return to more normal consumption patterns. Another finding is the existence of variance in the pace of this adaptation as a dependency of the type of good consumed: consistently, the adaptation is faster in regard to non-durable goods than to durable goods. This outcome is subject to interpretation, since durable goods may be viewed as "half-consumption goods, half-capital goods," it stands to reason that capital goods would be more strongly affected than consumption goods.
机译：恐怖可能对公众的行为产生可怕的影响。根据Kirschenbaum（J Homel Secur Emerg Manag 3（1/3）：1-33，2006），为了最大程度地减少恐怖事件的预期影响，公众必须采取“生存策略”。根据该研究的基础研究假设，恐怖事件持续的时间越长，公众就越会长期接受这种可能性。因此，在每次恐怖事件之后，其偏离其普通消费者行为的程度都在稳步下降。通过使用每日贸易数据和Event Studies计量经济学方法，我们发现消费者公众中存在适应趋势。因此，随着时间的流逝，以色列公众逐渐意识到，如果希望维持合理的生活水平，就必须使恐怖事件发生前的消费者经济行为与事后的行为之间的差异最小化。当人们通过回归到更正常的消费方式来判断恐惧时，宣布更多的暗杀恐怖分子可以平息公众的恐惧。另一个发现是这种适应的速度存在差异，这取决于所消费商品的类型：始终如一，非耐用品的适应要比耐用品的适应快。由于耐用品可以被视为“半消费品，半资本品”，因此这一结果有待解释，这有理由认为资本品比消费品受到的影响更大。

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