Tag Archives: risk assessment

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…

Cybersecurity Lessons from the Pandemic – Positive and Negative Feedback

– Systems use negative feedback in order to converge to stability and equilibrium (a positive quest). Positive-feedback systems diverge, which leads to instability and sometimes surging out of control (usually a negative outcome). Negative feedback inhibits and positive feedback amplifies. Each has…

The Personalization of Risk

– I realized when I received several comments regarding my September 12, 2011 column “Risk Mismanagement – Scoring vs. Monte Carlo vs. Scoring” from Doug Hubbard and others, that I hadn’t been clear enough in my description of what I had termed “subjective risk.” It also seems that it…

Risk Mismanagement – Scoring vs. Monte Carlo vs. Scoring

– I finally got to read Douglas Hubbard’s book “The Failure of Risk Management: Why It’s Broken and How to Fix It” (Wiley, 2009). As I have written in other columns about Hubbard’s prior book “How to Measure Anything: Finding the Value of Intangibles in Business” (Wiley, 2007; Second…

Learned Lessons Are Not the Whole Picture

– I am certainly a strong proponent of learning from disasters, as asserted in my June 14, 2010 column “Cyber Lessons Learned from the Gulf Oil Catastrophe,” for example.   Consequently I felt somewhat vindicated in that view by an article by William J, Broad on the front page of the Science…