Looking at the October 7 attacks not as a military strategist but as an economist, Russ Roberts argues that maintaining eternal vigilance is simply impossible—even though it is often required of political leaders. In a follow-up essay, he applies these lessons to the Iron Dome:
The more effective is the warning system or the safeguards, the more dangerous the situation becomes as the human side of the equation starts to underestimate the risk. Every day that Hamas did nothing more than launch a few rockets into Israel convinced the Israeli security apparatus that this was all it was capable of.
The effectiveness of Iron Dome helped us [in Israel] ignore the risk we faced from Hamas. Before October 7 it seemed reasonable to believe that Hamas’s ability to hurt us was very limited. We were wrong. Israel came to believe that the status quo might be a bit unpleasant but manageable. We were wrong.
When you reduce the risk of bad events, people often respond by taking more risks. In economics this is known as the Peltzman effect. A simple example is that a football helmet protects your head from the hit of your opponent but it also emboldens that opponent to lead with his head. A helmet can become a weapon. Because helmets are imperfect protection, they can lead to a higher risk of damage to the brain—any one hit is likely not to hurt, but the wearing of the helmet increases the numbers of hits delivered and received.
Read more at Listening to the Sirens
More about: Economics, Gaza War 2023, Iron Dome, Israeli Security