@techreport{f3afcadb465f4ce69f27dc22f93d716b,
title = "FDI, terrorism and the availability heuristic for U.S. investors before and after 9/11",
abstract = "We record the existence of an availability heuristic that is reflected in disaster myopia of U.S. investors and exists prior to the attacks of 9/11. We argue that this is fueled by an aggregate experience hypothesis effect, resulting in a pronounced increase in the sensitivity of U.S. stock prices to terrorist attacks on foreign soil. After 9/11, stock prices react proportionally to the size of an attack and the share of FDI stock held in the region by the sector in which firms operate. This effect, non-existent prior to 2002, has become increasingly strong in recent years.",
author = "J.W.B. Bos and M. Fr{\"o}mmel and M. Lamers",
year = "2013",
month = jan,
day = "1",
doi = "10.26481/umagsb.2013047",
language = "English",
series = "GSBE Research Memoranda",
publisher = "Maastricht University, Graduate School of Business and Economics",
number = "047",
address = "Netherlands",
type = "WorkingPaper",
institution = "Maastricht University, Graduate School of Business and Economics",
}