Tag Archives: behavioral economics

Cybersecurity Lessons from the Pandemic: Perception of Risk

– The more “mature” among us may recall when decision-making under uncertainty was based on the concept of “rational economic man.” We estimated or calculated the probability and amount of a loss (or gain) of various courses of action, multiplied the numbers together to arrive at a range of…

Orwellian Behavioral Economics and Privacy Risk

– Recently, I have been looking into behavioral economics. I strongly believe that conclusions from research in this area might well be applicable and contribute significantly to our understanding of cybersecurity risk management. The underlying premise of behavioral economics, which arose from the…