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Five "Neglects" in Risk Management

Bruce Schneier Posted by Bruce Schneier | Wed, 22 Aug 2012
see the original posting from Schneier on Security
Good list, summarized here: 1. Probability neglect  people sometimes dont consider the probability of the occurrence of an outcome, but focus on the consequences only. 2. Consequence neglect  just like probability neglect, sometimes individuals neglect the magnitude of outcomes. 3. Statistical neglect  instead of subjectively assessing small probabilities and continuously updating them, people choose to use rules-of-thumb...


see the original posting from Schneier on Security

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