Israel National Center for Trauma and Emergency Medicine Research, Gertner Institute for Epidemiology and Health Policy Research, Tel-Hashomer, Israel.
Disasters. 2011 Jan;35(1):268-83. doi: 10.1111/j.1467-7717.2010.01203.x. Epub 2010 Aug 23.
Man-made disasters such as acts of terrorism may affect a society's resiliency and sensitivity to prolonged physical and psychological stress. The Israeli Tel Aviv stock market TA-100 Index was used as an indicator of reactivity to suicide terror bombings. After accounting for factors such as world market changes and attack severity and intensity, the analysis reveals that although Israel's financial base remained sensitive to each act of terror across the entire period of the Second Intifada (2000-06), sustained psychological resilience was indicated with no apparent overall market shift. In other words, we saw a 'normalisation of terror' following an extended period of continued suicide bombings. The results suggest that investors responded to less transitory global market forces, indicating sustained resilience and long-term market confidence. Future studies directly measuring investor expectations and reactions to man-made disasters, such as terrorism, are warranted.
人为灾害，如恐怖主义行为，可能会影响社会对长期身心压力的适应能力和敏感性。以色列特拉维夫 TA-100 指数被用作对自杀式恐怖炸弹袭击反应的指标。在考虑了世界市场变化以及袭击的严重程度和强度等因素后，分析显示，尽管在第二次起义（2000-06 年）的整个期间，以色列的金融基础仍然对每一次恐怖行为保持敏感，但持续的心理适应能力表明，没有明显的整体市场转变。换句话说，在持续的自杀式炸弹袭击之后，我们看到了“恐怖的常态化”。研究结果表明，投资者对全球市场力量的反应更持久，表明市场具有持续的弹性和长期信心。需要对直接衡量投资者对人为灾害（如恐怖主义）的预期和反应的未来研究进行投资。
