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Thread: The math & economics of bank robbery

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    Default The math & economics of bank robbery

    Robbing Banks Not a Good Career Choice, Scientists Say


    Bonnie and Clyde, the all-time star bank
    robbers, never got rich from their job.


    These are desperate times for millions, and possibly you have just once or twice thought of sticking up a bank. All you need is a bandanna, a fake gun, and an appetite for risk, and you may make thousands of dollars in a few minutes, tax-free.

    Don’t do it. Not only because it’s wrong and has a big downside, but because three economists have determined that it’s really not worth it. Professors Barry Reilly of the University of Sussex and Neil Rickman and Robert Witt of the University of Surrey, all in England, decided to do a statistical study of the risks and benefits in bank robbing, drawing on exclusive data from the British Bankers’ Association. Their conclusion, published in Significance, the magazine of the Royal Statistical Society and the American Statistical Association:

    "The return on an average bank robbery is, frankly, rubbish. It is not unimaginable wealth.
    It is a very modest £12706.60 [about $19,700] per person per raid. . . ."


    A single bank raid, even a successful one, is not going to keep our would-be robber in a life of luxury. It is not going to keep him long in a life of any kind. Given that the average UK wage for those in full-time employment is around £26000, it will give him a modest lifestyle for not more than 6 months. If he decides to make a career of it, and robs two banks a year to make a sub-average income, his chances of eventually getting caught will increase . . . after four raids he is more likely to be inside. As a profitable occupation, bank robbery leaves a lot to be desired.

    Observing that “crime is an economic activity like any other: it has its profits, its losses, its risks, and its returns,” the professors analyzed it like any other. They determined that only one in a hundred bank branches is robbed in any year and that the location and size of the branch makes no discernible difference. So little money is lost that the banks hardly notice: “California officials said they are not as concerned with the actual dollar loss as they are about trauma to customers and employees and bad publicity.” A third of robberies are unsuccessful, and in the U.S. the take is far lower even than in Britain, averaging a paltry $4,330.

    Still, if you feel you must rob a bank, there are three main ways to improve your chances. First, “the bigger the gang, the greater the take.

    MORE- http://www.forbes.com/sites/frederic...career-choice/
    Last edited by zengrifter; March 10th, 2014 at 08:22 PM.
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  2. #2
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    I completely disagree with the article.

    It looks like the naive author had too much time on his hands.

    There is nothing more profitable than robbing a small bank in a small town.

    If this small town is obviously a judeo-christian community, it's the easiest task.

    The judeo-christian small town banks are owned by idiots, they do not have sophisticated alarms, they have senior citizens as guards that cannot even shoot. And they have a couple of police cars always busy with having too much donuts and smoking and tasty cofee. Of course nobody is expecting anything to happen.

    A successeful hit would take about 48 hours of planning, you'll need two people, one for the god praying hostages, one for the god praying bank director opening the cheap safe at your satanic command. A map of the town, a video from inside of the bank, two automatic guns, and a stolen car, the faster the better.

    Usually god praying rednecks keep weekly something about $60,000 in cash. When you did the job, you go to any other god praying small town nearby, and open a restaurant. In one year you'll be loaded with money and ready to move on to the big city, where to male your money really work.
    When you have eliminated all the impossible, whatever remains, however implausible, must be the logic truth...

  3. #3
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    Quote Originally Posted by Arkham Knight View Post
    I completely disagree with the article.

    It looks like the naive author had too much time on his hands.

    There is nothing more profitable than robbing a small bank in a small town.

    If this small town is obviously a judeo-christian community, it's the easiest task.

    The judeo-christian small town banks are owned by idiots, they do not have sophisticated alarms, they have senior citizens as guards that cannot even shoot. And they have a couple of police cars always busy with having too much donuts and smoking and tasty cofee. Of course nobody is expecting anything to happen.

    A successeful hit would take about 48 hours of planning, you'll need two people, one for the god praying hostages, one for the god praying bank director opening the cheap safe at your satanic command. A map of the town, a video from inside of the bank, two automatic guns, and a stolen car, the faster the better.

    Usually god praying rednecks keep weekly something about $60,000 in cash. When you did the job, you go to any other god praying small town nearby, and open a restaurant. In one year you'll be loaded with money and ready to move on to the big city, where to male your money really work.
    I can tell you speak from experience. You and RingleJames should teamup - use the gold prospecting as cover for being near a small town target.

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    Quote Originally Posted by DDutton View Post
    I can tell you speak from experience. You and RingleJames should teamup - use the gold prospecting as cover for being near a small town target.
    Coffeyville, 1892. How about Coffeyville 2012? Does it fit the bill for a likely Ark target? Is it a Gwod-fearing Christian town? Hope he don't wind up like Dalton gang...

    The Dalton Gang's Last Raid, 1892

    Printer Friendly Version >>>
    Around 9:30 the morning of October 5, 1892 five members of the Dalton Gang (Grat Dalton, Emmett Dalton, Bob Dalton, Bill Power and Dick Broadwell) rode into the small town of Coffeyville, Kansas. Their objective was to achieve financial security and make outlaw history by simultaneously


    After the battle
    townspeople display
    the bodies
    of Bob & Grat Dalton
    robbing two banks. From the beginning, their audacious plan went astray. The hitching post where they intended to tie their horses had been torn down due to road repairs. This forced the gang to hitch their horses in a near-by alley - a fateful decision.
    To disguise their identity, (Coffeyville was the Dalton's hometown) two of the Daltons wore false beards and wigs. Despite this, the gang was recognized as they crossed the town's wide plaza, split up and entered the two banks. Suspicious townspeople watched through the banks' wide front windows as the robbers pulled their guns. Someone on the street shouted, "The bank is being robbed!" and the citizens quickly armed themselves - taking up firing positions around the banks.
    The ensuing firefight lasted less than fifteen minutes. A brief moment in time in which four townspeople lost their lives, four members of the Dalton Gang were gunned down and a small Kansas town became part of history.

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    Dogma schmogma

  5. #5
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    Hi friends I am newbie here. yes all of you are correct in your explanation.
    I felt that its nt good choice in your life.
    robbery destroys life. . we must obey our rules and love care for people at large.

  6. #6
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    Better to rob a casino, as it can be looked upon as a community service. But don't do it-- they are even more secure than the average bank. And it is morally wrong, even though there are mitigating factors. Also, I don't want you to get shot over a bag of money-- it's just plain stupid. Of course, bank robbers are not especially known for their IQs-- Alright, put your sticking hands in the air. This is a fuck up!
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  7. #7

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    Quote Originally Posted by Katweezel View Post
    Coffeyville, 1892. How about Coffeyville 2012? Does it fit the bill for a likely Ark target? Is it a Gwod-fearing Christian town? Hope he don't wind up like Dalton gang...
    Excellent idea! Coffeeville! Ringle, check to see if there are any areas near Coffeeville that are good for prospecting!
    Win one for the Daltons (rob a big criminal bank like Chase or BOA, leave the independents alone.
    "The dogs bark but the caravan moves on."
    .....................The Zengrifter Interview (PDF) |
    The Zengrifter / James Grosjean Reputation Debate
    -----------------------------------------
    “Truth, like gold, is obtained not by growth, but by washing away all that is not gold.” — Leo Tolstoy........
    "Is everything a conspiracy? No, just the important stuff." ZG

  8. #8
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    Quote Originally Posted by zengrifter View Post
    Excellent idea! Coffeeville! Ringle, check to see if there are any areas near Coffeeville that are good for prospecting!
    Win one for the Daltons (rob a big criminal bank like Chase or BOA, leave the independents alone.
    I have money in BOA and Chase. I think a proper Coffeeville welcoming committee may be in order. Tell them to bring their friends, too. We'll have a parteee!
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  9. #9
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    Quote Originally Posted by aslan View Post
    I have money in BOA and Chase. I think a proper Coffeeville welcoming committee may be in order. Tell them to bring their friends, too. We'll have a parteee!
    When you rob a bank it is federally insured. You will never get enough to not have the bank made whole by the FDIC. Guess where the money comes from. That's right our tax dollars. You are actually robbing every one of us.

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    Quote Originally Posted by shred View Post
    When you rob a bank it is federally insured. You will never get enough to not have the bank made whole by the FDIC. Guess where the money comes from. That's right our tax dollars. You are actually robbing every one of us.
    If you get away with it... But don't try it in Coffeyville. You listening Ark?
    Dogma schmogma

  11. #11
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    Quote Originally Posted by Arkham Knight View Post
    I completely disagree with the article.

    It looks like the naive author had too much time on his hands.

    There is nothing more profitable than robbing a small bank in a small town.

    If this small town is obviously a judeo-christian community, it's the easiest task.

    The judeo-christian small town banks are owned by idiots, they do not have sophisticated alarms, they have senior citizens as guards that cannot even shoot. And they have a couple of police cars always busy with having too much donuts and smoking and tasty cofee. Of course nobody is expecting anything to happen.

    A successeful hit would take about 48 hours of planning, you'll need two people, one for the god praying hostages, one for the god praying bank director opening the cheap safe at your satanic command. A map of the town, a video from inside of the bank, two automatic guns, and a stolen car, the faster the better.

    Usually god praying rednecks keep weekly something about $60,000 in cash. When you did the job, you go to any other god praying small town nearby, and open a restaurant. In one year you'll be loaded with money and ready to move on to the big city, where to male your money really work.
    Most of the people I know at my church are excellent shots. I am a marksman and only conform my guns are on once or twice a year. The rest of the time I shoot I am out in the woods using one shot one kill to fill the freezer. I don't even tell people the true story of my far shots. Most hunters think that distance is out of range for my weapons. If I take the shot the result is usually the same. My Christian friends on the other hand shoot regularly. I don't know if they would shoot to kill unless you take hostages. They could make you unable to walk pretty easily. I am surprised you don't know that shooting is a popular past time with many Christians. I guess the stereotypes of those on this site are not based in actually knowing Christians. That is pretty much par for the course among bigots I guess.

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    Quote Originally Posted by shred View Post
    I am surprised you don't know that shooting is a popular past time with many Christians. I guess the stereotypes of those on this site are not based in actually knowing Christians. That is pretty much par for the course among bigots I guess.
    There you go again with your Christian bigotry/judgement. I know quite a few Christians and to a man (and woman) they are all as delusional as you are about your version of 'religion'. Some even believe "God" don't like birthdays because John the Baptist had his head cut off on his birthday. And they also believe the Earth is only 6000 years old. Nobody can speak reasonably with people like these, who are too far gone way over the edge. And like you, anyone who expesses contra views is labelled a B I G O T. The train runs both ways.

    Back in 1892 I see the Coffeyville locals put the dead bad guys on full public display. Did that stop others from contemplating bank robbery? Maybe it might be a good idea for this day and age... Stake the dead bad guys up outside the White House. Could be a deterrent factor.
    Last edited by zengrifter; June 28th, 2012 at 07:34 AM.
    Dogma schmogma

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    Quote Originally Posted by shred View Post
    When you rob a bank it is federally insured. You will never get enough to not have the bank made whole by the FDIC. Guess where the money comes from. That's right our tax dollars. You are actually robbing every one of us.
    I'm not robbing anyone. I am preparing a welcoming committee (aka a posse) so that when Ark and Ringle show up, they will be properly greeted, Fearless Fosdick style.
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    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  14. #14
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    [QUOTE=Katweezel;194250]
    Quote Originally Posted by shred View Post
    I am surprised you don't know that shooting is a popular past time with many Christians. I guess the stereotypes of those on this site are not based in actually knowing Christians. That is pretty much par for the course among bigots I guess.[/QUOTE]

    There you go again with your Christian bigotry/judgement. I know quite a few Christians and to a man (and woman) they are all as delusional as you are about your version of 'religion'. Some even believe "God" don't like birthdays because John the Baptist had his head cut off on his birthday. And they also believe the Earth is only 6000 years old. Nobody can speak reasonably with people like these, who are too far gone way over the edge. And like you, anyone who expesses contra views is labelled a B I G O T. The train runs both ways.

    Back in 1892 I see the Coffeyville locals put the dead bad guys on full public display. Did that stop others from contemplating bank robbery? Maybe it might be a good idea for this day and age... Stake the dead bad guys up outside the White House. Could be a deterrent factor.
    I thought it was only fundamentalists who (some of them) believed the earth was only 6,000 years old. I didn't know I thought that, but thanks for telling me. Now I'll probably end up having an argument with myself, because I don't believe that.

    The birthday thing, who believes that? I like birthdays. I wish they didn't come so often. This weekend was a bummer. Too people referred to me as the "old man." I guess I have finally crossed the threshold. Maybe all those hands I was losing at the Blackjack tables was making me look older, or maybe it was staying up all night to play. Just an aside, I pushed one hand in for $800+ in a +6 count. I got a 10 of spades and a 10 of clubs. The player at first base had a blackjack. The dealer upcard was a 10, and his hole card was an ace. That made me feel older than ever. These things take their toll.
    Aslan 11/1/90 - 6/15/10 Stormy 1/22/95 -8/23/10
    “There are not one hundred people in the United States who hate The Catholic Church,
    but there are millions who hate what they wrongly perceive the Catholic Church to be.”
    Bishop Fulton J. Sheen

    “It takes a very long time to become young.” Pablo Picasso

  15. #15
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    [QUOTE=aslan;194254]
    Quote Originally Posted by Katweezel View Post

    I thought it was only fundamentalists who (some of them) believed the earth was only 6,000 years old. I didn't know I thought that, but thanks for telling me. Now I'll probably end up having an argument with myself, because I don't believe that.

    The birthday thing, who believes that? I like birthdays. I wish they didn't come so often. This weekend was a bummer. Too people referred to me as the "old man." I guess I have finally crossed the threshold. Maybe all those hands I was losing at the Blackjack tables was making me look older, or maybe it was staying up all night to play. Just an aside, I pushed one hand in for $800+ in a +6 count. I got a 10 of spades and a 10 of clubs. The player at first base had a blackjack. The dealer upcard was a 10, and his hole card was an ace. That made me feel older than ever. These things take their toll.
    A few points: 1 You should be happy you didn't double yur $800. 2 How come you didn't peek at his hole card? (That's not cheating, it's just, ah um... peeking.) 3 If you'd been losing all those hands, why did you put out a big 800, even if the count was +6? 4 How long was it since the dealer had scored a BJ? (If it was say, 5 shoes, then you'd have to say he was due? seeing as there is an average.) 5 Was Dr AutoMonk at your table disguised as a babbling drunk fool? and that what caused you to lose your mind as well? 6 In a casino anything can happen, and outside a casino you get no sympathy from anyone. Bad luck mate... As for gud luck, yo must be due. 7 Get yourself a good-variance voodoo doll... that might help.

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    Dogma schmogma

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