Anja Shortland on Kidnap
EconTalk
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Moral Hazard in Kidnapping Negotiations
This chapter explores the concept of moral hazard in kidnappings, focusing on the necessity of having 'skin in the game' for both kidnappers and negotiators. It discusses the high-stakes nature of ransom negotiations, the intense pressures faced by professional negotiators, and how poor decision-making can lead to swift consequences for those involved.
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