The question of when people may impose risks on each other is of fundamental moral importance. Forms of “quantified risk assessment,” especially risk cost-benefit analysis, provide one powerful approach to providing a systematic answer. It is also well known that such techniques can show that existing resources could be usedmore effectively to reduce risk overall. Thus it is often argued that s...

This paper draws on interviews with members of the United Kingdom National Phobics Society to explore the implications of the contested nature of specific phobias for their experience and perception. In common with other chronic and contested conditions such as Chronic Fatigue Syndrome, phobias are stigmatised and subjected to widespread judgmental attitudes in both medical and lay populations....

Since its inception, the literature on IT outsourcing has acknowledged that the strategy has the potential for substantial benefits, but also the likelihood of significant risks. However, these risks have not deterred the growth of IT outsourcing. This may be because the literature has not fully explored the probability of encountering IT outsourcing risks, and, conversely, the probability of s...

The ”irrational exuberance” of the stock market in the late 1990’s lead to a discussion of the appropriate policy response by monetary authorities. Any response would be contingent on the stock market reaction to policy shocks. In this study I employ a structural VAR to estimate the response of the stock market returns to innovations in the federal funds rate. The effect of the stock market on ...

Nearly one in three security practitioners believe that the organization they work for under-funds information security efforts. Rational choice and economic models have been developed to help decision makers determine the optimal amount they should spend to protect a set of information assets. These models presume investment decisions are rationally made, despite long-standing behavioral and d...