Concerned with the equation of risk management behaviours, the research analyses whether risk management in context of armed conflict is different to that observed during natural disasters and economic crises. Based on the case study of the West Bank during 2000-2004, this investigation uses primary data about household’s perceptions, the Palestinian Expenditure and Consumption Survey and a conflict data set to explore how the characteristics of the occupationproduced shocks unfold into the household’s risk management. The distinctive features observed in the risk-related behaviour of West Bank Palestinians indicate that the standard risk management framework needs to be adapted to intregate the endogenous, multidimensional and dynamic nature of conflict-produced shocks.